Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,977 11.34% trigger yield optimization notes linked to Baker Hughes
By Toni Weeks
San Diego, Nov. 28 - UBS AG, London Branch priced $99,977 of 11.34% trigger yield optimization notes due Dec. 3, 2012 linked to the common stock of Baker Hughes, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Baker Hughes stock.
The payout at maturity will be par in cash unless the final price of Baker Hughes stock is less than 60% of the initial share price, in which case investors will receive one Baker Hughes share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Baker Hughes (NYSE: BHI)
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Amount: | $99,976.50
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Maturity: | Dec. 3, 2012
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Coupon: | 11.34%, payable monthly
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Price: | Par of $51.27
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Payout at maturity: | If final share price is less than trigger price, one Baker Hughes share; otherwise, par
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Initial share price: | $51.27
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Trigger price: | $30.76, 60% of initial price
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Pricing date: | Nov. 28
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Settlement date: | Dec. 1
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267T329
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