UBS plans to price seven-year Libor floaters with 3% floor, 6% cap

By Susanna Moon

Chicago, Feb. 23 - UBS AG, Jersey Branch plans to price floating-rate notes due March 9, 2018, according to an FWP with the Securities and Exchange Commission.

The coupon will be Libor plus 50 basis points, with a minimum rate of 3% and a maximum rate of 6%. Interest will be reset and payable quarterly.

The payout at maturity will be par.

The notes (Cusip: 90261JGL1) are expected to settle on March 9.

UBS Investment Bank is the underwriter.

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