Published on 7/25/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $159,980 9.03% trigger yield optimization notes linked to Bank of America
By Toni Weeks
San Diego, July 25 - UBS AG, London Branch priced $159,980 of 9.03% trigger yield optimization notes due July 30, 2012 linked to the common stock of Bank of America Corp., 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 Bank of America stock.
The payout at maturity will be par in cash unless the final price of Bank of America stock is less than 75% of the initial share price, in which case investors will receive one Bank of America 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: | Bank of America (NYSE: BAC)
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Amount: | $159,979.82
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Maturity: | July 30, 2012
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Coupon: | 9.03%, payable monthly
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Price: | Par of $10.01
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Payout at maturity: | If final share price is less than trigger price, one Bank of America share; otherwise, par
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Initial share price: | $10.01
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Trigger price: | $7.51, 75% of initial price
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Pricing date: | July 25
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Settlement date: | July 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267X882
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