Published on 12/8/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $103,986 8.5% trigger yield optimization notes on gold fund
By Marisa Wong
Madison, Wis., Dec. 8 – UBS AG, London Branch priced $103,986 of 8.5% trigger yield optimization notes due Dec. 8, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $19.62, which is equal to the initial share price of the fund.
Interest is payable monthly.
The payout at maturity will be par unless the final price of the fund shares is less than 70% of the initial price, in which case investors will receive one 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 fund: | Market Vectors Gold Miners ETF
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Amount: | $103,986
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Maturity: | Dec. 8, 2015
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Coupon: | 8.5%, payable monthly
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Price: | Par of $19.62
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Payout at maturity: | If final share price is less than trigger price, one fund share; otherwise, par
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Initial share price: | $19.62
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Trigger price: | $14.71, 75% of initial price
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Pricing date: | Dec. 3
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Settlement date: | Dec. 8
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90272T611
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