UBS plans 8.25%-10.5% yield optimization notes linked to Travelers

By Jennifer Chiou

New York, June 11 - UBS AG plans to price 8.25% to 10.5% annualized yield optimization notes with contingent protection due Dec. 31, 2009 linked to the common stock of Travelers Cos., Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

If Travelers stock finishes at or above the trigger price - 75% of the initial price - the payout at maturity will be par.

Otherwise, the payout will be one Travelers share per note.

The notes are expected to price on June 26 and settle on June 30.

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.