New Issue: UBS prices $99,942 14.08% trigger yield optimization notes on VMware

New York, Sept. 12 - UBS AG, London Branch priced $99,942 of 14.08% annualized trigger yield optimization notes due March 18, 2013 linked to the common stock of VMware, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $97.60, which is equal to the initial share price of VMware stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of VMware stock is less than 85% of the initial share price, in which case investors will receive one VMware share per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	VMware, Inc. (NYSE: VMW)
Amount:	$99,942
Maturity:	March 18, 2013
Coupon:	14.08%, payable monthly
Price:	Par of $97.60
Payout at maturity:	If final share price is less than trigger price, one VMware share; otherwise, par
Initial share price:	$97.60
Trigger price:	$82.96, 85% of initial price
Pricing date:	Sept. 12
Settlement date:	Sept. 17
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90270A382

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.