Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for UBS AG > News item |
UBS to price yield optimization notes linked to Intel
By Jennifer Chiou
New York, Aug. 31 - UBS AG plans to price yield optimization notes with contingent protection due Sept. 30, 2008 linked to the common stock of Intel Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes will have of coupon of 9.25% to 10.25%. The exact coupon will be determined at pricing, which is expected to be Sept. 24. The notes will settle on Sept. 28. Interest will be payable quarterly.
If Intel stock falls below the trigger price during the life of the notes, the payout will be one Intel share per note. If Intel stock remains at or above the trigger price, the payout will be par.
The trigger price will be 75% of the initial share price.
UBS Investment Bank and UBS Financial Services Inc. will be 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.