Published on 3/23/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $327,562 8.81% trigger yield optimization notes linked to Baker Hughes
New York, March 23 - UBS AG, London Branch priced $327,562.74 of 8.81% trigger yield optimization notes due May 30, 2013 linked to the common stock of Baker Hughes Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $43.71, which is equal to the initial share price of Baker Hughes stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Baker Hughes stock is less than 70% 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 underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Baker Hughes Inc. (Nasdaq: BHI)
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Amount: | $327,562.74
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Maturity: | May 30, 2013
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Coupon: | 8.81%, payable monthly
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Price: | Par of $43.71
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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: | $43.71
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Trigger price: | $30.60, 70% of initial price
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Pricing date: | March 23
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Settlement date: | March 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.06%
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Cusip: | 90268M133
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