Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CSX Corp. > News item |
UBS to price 11.25%-13.5% yield optimization notes linked to CSX
By Angela McDaniels
Tacoma, Wash., July 20 - UBS AG plans to price yield optimization notes with contingent protection due Jan. 29, 2010 linked to the common stock of CSX Corp., according to an FWP filing with the Securities and Exchange Commission.
The six-month notes will pay an annualized coupon of 11.25% to 13.5%, with the exact coupon to be set at pricing. Interest will be payable quarterly.
Each note will have a face amount that is equal to the closing price of CSX stock on the pricing date.
If the final share price of CSX stock is less than 70% of the initial share price, the payout at maturity will be one CSX share per note. Otherwise, the payout will be par.
The notes are expected to price July 29 and settle July 31.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
© 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.