Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 1 > Headlines for 10-year CMS rate > News item |
UBS eyes dual range market-linked contingent income notes on S&P, CMS
By Sarah Lizee
Olympia, Wash., March 4 – UBS AG London Branch plans to price dual range market-linked contingent income notes due March 17, 2020 linked to the 10-year CMS rate and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS will pay a quarterly contingent coupon only if on the applicable observation date the closing level of the S&P 500 index is equal to or less than 98% of the initial level and the CMS rate is equal to or greater than 102% of its initial level. The annualized interest rate will be 12% to 16%.
The payout at maturity will be par of $10 plus any coupon due.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on March 8.
The Cusip number is 90281C344.
© 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.