Published on 11/18/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $159,885 8.5% trigger yield optimization notes on Oracle
By Susanna Moon
Chicago, Nov. 18 - UBS AG, London Branch priced $159,885 of 8.5% trigger yield optimization notes due Nov. 23, 2012 linked to Oracle Corp. shares, 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 Oracle stock.
The payout at maturity will be par in cash unless the final price of Oracle stock is less than 70% of the initial share price, in which case investors will receive one Oracle 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: | Oracle Corp. (Nasdaq: ORCL)
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Amount: | $159,885
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Maturity: | Nov. 23, 2012
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Coupon: | 8.5%, payable monthly
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Price: | Par of $30.60
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Payout at maturity: | If final share price is less than trigger price, one Oracle share; otherwise, par
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Initial share price: | $30.60
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Trigger price: | $21.42, 70% of initial price
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267Q390
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