UBS plans return optimization securities linked to S&P 500

By Jennifer Chiou

New York, May 30 - UBS AG plans to price 0% return optimization securities with partial protection due on or about Dec. 17, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return that is expected to be 20% to 22% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% index decline beyond 10%.

The securities will price on June 13 and settle on June 20.

UBS Investment Bank will be the underwriter.

© 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.