Published on 7/26/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $160,000 trigger autocallable optimization notes on SanDisk
By Marisa Wong
Madison, Wis., July 26 - UBS AG, London Branch priced $160,000 of 0% trigger autocallable optimization securities due Aug. 2, 2012 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 25.83% if SanDisk stock closes at or above the initial share price on any of 12 monthly observation dates.
The payout at maturity will be par if SanDisk stock finishes at or above 75% of the initial share price. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | SanDisk Corp. (Nasdaq: SNDK)
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Amount: | $160,000
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Maturity: | Aug. 2, 2012
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If SanDisk stock finishes at or above trigger price, par; otherwise, par plus stock return
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Call: | At par plus premium of 25.83% per year if SanDisk stock closes at or above initial share price on any monthly observation date
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Initial share price: | $43.85
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Trigger price: | $32.89, 75% of initial price
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Pricing date: | July 26
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Settlement date: | July 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.25%
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Cusip: | 90268B186
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