UBS plans trigger autocallable notes linked to Energy Select SPDR

By Angela McDaniels

Tacoma, Wash., Aug. 17 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Aug. 27, 2012 linked to the Energy Select SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 15.75% to 18.75% if the fund's shares close at or above the initial share price on Nov. 21, Feb. 21, 2012, May 21, 2012 or Aug. 21, 2012.

The payout at maturity will be par if the fund's final share price is at least 75% of the initial share price. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.

The notes (Cusip: 90268C408) are expected to price Aug. 19 and settle Aug. 24.

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.