By Ronda Fears
Nashville, Tenn., Jan. 7 - UBS sold $115 million of two-year GOALS, payable in cash or convertible into General Electric shares, at par to yield 8.75%. The registered deal was brought to market via book-running lead manager UBS Warburg.
Term of the deal are:
Issuer: UBS
Amount: $115 million
Lead Manager: UBS Warburg
Maturity Date: March 7, 2003
Coupon: 8.75%
Issue Price: par
Yield: 8.75% - split as 5% cash interest and 3.75% premium payment
Redemption: at Feb. 23, 2003, if GE stock is above $38.14, par in cash, or
if GE stock is below $38.14, 26.219 shares per bond
Reference Price: $47.67
Strike Price: $38.14, or 80% of reference price
Call: non-callable
Rating(s): Moody's: Aa1
| S&P: AA+
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| Settlement Date: | open listing allows for increases up to $500 million
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