New Issue: UBS prices $279,989 12.53% trigger yield optimization notes linked to Caterpillar

By Toni Weeks

San Diego, Aug. 18 - UBS AG, London Branch priced $279,989 of 12.53% annualized trigger yield optimization notes due Nov. 23, 2011 linked to the common stock of Caterpillar Inc., 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 Caterpillar stock.

The payout at maturity will be par in cash unless the final price of Caterpillar stock is less than 71% of the initial share price, in which case investors will receive one Caterpillar share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Caterpillar Inc. (NYSE: CAT)
Amount:	$279,989
Maturity:	Nov. 23, 2011
Coupon:	12.53%, payable monthly
Price:	Par of $83.33
Payout at maturity:	If final share price is less than trigger price, one Caterpillar share; otherwise, par
Initial share price:	$83.33
Trigger price:	$59.16, 71% of initial price
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90268C499

© 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.