Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for UBS AG, Jersey Branch > News item |
UBS plans trigger yield optimization notes tied to South African rand
By Angela McDaniels
Tacoma, Wash., March 5 - UBS AG, Jersey Branch plans to price trigger yield optimization notes due June 14, 2012 linked to the performance of the South African rand relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The three-month notes will carry a coupon of 5% to 6% per year. The exact coupon will be set at pricing. Interest will be payable at maturity.
The payout at maturity will be par of $10 if the final spot rate is at least 92% of the initial spot rate. The spot rate will increase if the rand appreciates relative to the dollar.
If the final spot rate is less than 92% of the initial spot rate, investors will lose 1% for every 1% that the rand depreciates relative to the dollar.
The notes (Cusip: 902669415) are expected to price March 9 and settle March 14.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
© 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.