Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Indian rupee > News item |
UBS plans trigger step performance securities tied to currency basket
By Toni Weeks
San Luis Obispo, Calif., April 9 - UBS AG, Jersey Branch plans to price 0% trigger step performance securities due April 24, 2015 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket includes the Brazilian real, Chinese renminbi, Indian rupee and Russian ruble.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of the basket return and a step return of 28% to 31% that will be determined at pricing.
If the basket level declines by 15% or less, the payout will be par.
If the basket level declines by more than 15%, the payout will be par plus the basket return.
The notes (Cusip: 902669589) are expected to price April 19 and settle April 24.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
© 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.