Published on 9/19/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,991 11.84% trigger yield optimization notes on Potash
By Toni Weeks
San Diego, Sept. 19 - UBS AG, London Branch priced $99,991 of 11.84% annualized trigger yield optimization notes due Dec. 22, 2011 linked to the common stock of Potash Corp. of Saskatchewan 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 Potash stock.
The payout at maturity will be par in cash unless the final price of Potash stock is less than 80% of the initial share price, in which case investors will receive one Potash 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: | Potash Corp. of Saskatchewan Inc. (NYSE: POT)
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Amount: | $99,991.02
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Maturity: | Dec. 22, 2011
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Coupon: | 11.84%, payable monthly
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Price: | Par of $54.02
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Payout at maturity: | If final share price is less than trigger price, one Potash share; otherwise, par
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Initial share price: | $54.02
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Trigger price: | $43.22, 80% of initial price
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Pricing date: | Sept. 19
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Settlement date: | Sept. 22
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.7%
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Cusip: | 90268E578
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