UBS to price 11.75%-13.25% yield optimization notes linked to Goldcorp

By Jennifer Chiou

New York, May 9 - UBS AG plans to price yield optimization notes with contingent protection due Nov. 25, 2008 linked to the common stock of Goldcorp Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 11.75% to 13.25% per year, with the exact coupon to be set at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Goldcorp share on the pricing date, which will be May 20. The settlement date is May 23.

The payout at maturity will be par unless Goldcorp stock falls by 35% or more during the life of the notes, in which case the payout will be one share of Goldcorp per note.

UBS Financial Services Inc. and UBS Investment Bank will be 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.