Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Baker Hughes Inc. > News item |
UBS plans to price 8.75% to 11.25% trigger yield optimization notes linked to Baker Hughes stock
By Jennifer Chiou
New York, April 7 - UBS AG, London Branch plans to price 8.75% to 11.25% annualized trigger yield optimization notes due Oct. 21, 2011 linked to the common stock of Baker Hughes Inc., according to an FWP 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 Baker Hughes stock.
The payout at maturity will be par unless the final price of Baker Hughes stock is less than 80% of the initial share price, in which case investors will receive one Baker Hughes share per note.
The notes (Cusip: 90267G459) are expected to price on April 15 and settle on April 21.
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.