Published on 12/1/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $424,951 9.17% trigger yield optimization notes on Textron
By Susanna Moon
Chicago, Dec. 1 - UBS AG, London Branch priced $424,951 of 9.17% annualized trigger yield optimization notes due June 6, 2012 linked to Textron Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial share price of Textron.
The payout at maturity will be par unless the final price of Textron stock is less than 62% of the initial share price, in which case investors will receive one Textron share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Textron Inc. (NYSE: TXT)
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Amount: | $424,951
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Maturity: | June 6, 2012
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Coupon: | 9.17%, payable monthly
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Price: | Par of $19.39
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Payout at maturity: | If final share price is less than trigger price, one Textron share; otherwise, par
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Initial share price: | $19.39
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Trigger price: | $12.02, 62% of initial price
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267T618
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