UBS plans six-month 8.35%-10.85% trigger yield optimization notes linked to Starwood Hotels

By Susanna Moon

Chicago, July 12 - UBS AG, London Branch plans to price 8.35% to 10.85% annualized trigger yield optimization notes due Jan. 23, 2012 linked to Starwood Hotels & Resorts Worldwide, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Starwood Hotels stock.

The payout at maturity will be par unless the final price of Starwood Hotels stock is less than 80% of the initial share price, in which case investors will receive one Starwood Hotels share per note.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on July 15 and settle on July 30.

The Cusip number is 90267X775.

© 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.