| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Deere & Co. > News item |
UBS plans to sell 9.5% reverse convertibles linked to Deere shares
By Susanna Moon
Chicago, Feb. 1 - UBS AG plans to price 9.5% reverse convertible notes due Feb. 28, 2011 based on the common stock of Deere & Co., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless Deere stock falls below the trigger price - 80% of its initial share price - during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Deere shares equal to $1,000 divided by the initial share price.
The notes are expected to price Feb. 23 and settle Feb. 26.
UBS Securities LLC 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.