UBS to price 6.8%-8.8% airbag yield optimization notes tied to Nvidia

By Toni Weeks

San Diego, July 17 - UBS AG, London Branch plans to price 6.8% to 8.8% annualized airbag yield optimization notes due Jan. 28, 2013 linked to the common stock of Nvidia Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Nvidia shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

The notes (Cusip: 90268U788) are expected to price July 19 and settle July 24.

UBS Financial Services Inc. and UBS Investment Bank are 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.