By Susanna Moon
Chicago, Jan. 23 - UBS AG, London Branch priced $100,000 of trigger phoenix autocallable optimization securities due Jan. 30, 2013 linked to Broadcom Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Broadcom stock closes at or above the trigger price - 80% of the initial share price - on a quarterly observation date, the issuer will pay an annualized contingent coupon of 16.55% for that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and Broadcom shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger phoenix autocallable optimization securities
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Underlying stock: | Broadcom Corp. (Symbol: BRCM)
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Amount: | $100,000
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Maturity: | Jan. 30, 2013
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Coupon: | 16.55%, payable quarterly, if stock closes at or above trigger price on observation date for that quarter
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Price: | Par of $10
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Payout at maturity: | Par plus contingent coupon if Broadcom shares finish at or above trigger price; otherwise, exposure to any losses
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Call: | At par plus contingent coupon if Broadcom shares close at or above initial price on a quarterly observation date
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Initial share price: | $34.46
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Trigger price: | $27.57, 80% of initial share price
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Pricing date: | Jan. 23
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Settlement date: | Jan. 26
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90267W785
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