By Sarah Lizee
Olympia, Wash., June 29 – UBS AG London Branch priced $5 million of fixed- to floating-rate notes due Dec. 23, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1% for first year, then Libor plus 50 basis points, subject to a floor of zero. Interest is payable quarterly.
The payout at maturity will be par.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Fixed- to floating-rate notes
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| Amount: | $5 million
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| Maturity: | Dec. 23, 2022
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| Coupon: | 1% for first year, then Libor plus 50 bps, subject to a floor of zero; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | June 19
|
| Settlement date: | June 23
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.3%
|
| Cusip: | 90276BDD2
|
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