Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for General Motors Co. > News item |
UBS plans contingent income autocallables linked to General Motors
By Susanna Moon
Chicago, Jan. 12 – UBS AG, London Branch plans to price contingent income autocallable securities due Jan. 24, 2020 linked to General Motors Co. stock, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above the downside threshold, 70% of its initial price, on a determination date for that quarter.
The notes will be redeemed at par plus the contingent coupon if the stock closes at or above its initial price on any of the first 11 determination dates.
The payout at maturity will be par plus the contingent quarterly payment unless the stock finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses.
The agent is UBS Securities LLC.
The notes will price on Jan. 20 and settle on Jan. 25.
The Cusip number is 90280M426.
© 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.