UBS plans trigger phoenix autocallable optimization notes on Cisco

By Susanna Moon

Chicago, Sept. 2 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due Sept. 13, 2012 linked to Cisco Systems, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If the price of Cisco stock closes at or above the trigger price - 75% of the initial share price - on any of four quarterly observation dates, the issuer will pay a contingent coupon of 11.75% to 14.75%. The exact rate will be set at pricing.

If Cisco shares are at or above the initial price on any of the observation dates, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and Cisco stock finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any losses.

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

The notes will price on Sept. 9 and settle on Sept. 14.

The Cusip is 90267H226.

© 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.