New Issue: UBS prices $1 million 10-year floating-rate notes with 2% floor, 7% cap

By Susanna Moon

Chicago, March 30 - UBS AG, Jersey Branch priced $1 million of floating-rate notes due March 31, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be Libor plus 150 basis points, with a minimum rate of 2% and a maximum rate of 7%. Interest is payable quarterly.

The payout at maturity will be par.

UBS Investment Bank is the underwriter.

Issuer:	UBS AG, Jersey Branch
Issue:	Floating-rate notes
Amount:	$1 million
Maturity:	March 31, 2021
Coupon:	Libor plus 150 bps, floor of 2% and capped at 7%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	UBS Investment Bank
Fees:	None
Cusip:	90261JGS6

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