E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/2/2008 in the Prospect News Structured Products Daily.

UBS plans principal protection notes linked to currency basket

By E. Janene Geiss

Philadelphia, April 2 - UBS AG plans to price zero-coupon 100% principal protection notes due April 30, 2010 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (25%) of the Indonesian rupiah, Indian rupee, Malaysian ringgit and Philippines peso.

The payout at maturity will be par of $10 plus any gain on the basket times a participation rate of 140% to 170%. The exact rate will be set at pricing. Investors will receive at least par.

The notes are expected to price April 24 and settle April 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.