By Susanna Moon
Chicago, July 3 - UBS AG, Jersey Branch priced $1 million of callable step-up fixed-rate notes due July 5, 2018, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 2.15% for the first three years. It will step up to 3% on July 5, 2015 and to 4% on July 5, 2017. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date.
UBS Securities LLC is the agent.
Issuer: | UBS AG, Jersey Branch
|
Issue: | Callable step-up fixed-rate notes
|
Amount: | $1 million
|
Maturity: | July 5, 2018
|
Coupon: | 2.15% initially, stepping up to 3% on July 5, 2015 and to 4% on July 5, 2017; payable semiannually
|
Price: | Variable
|
Payout at maturity: | Par
|
Call option: | At par on interest payment dates
|
Pricing date: | June 29
|
Settlement date: | July 5
|
Agent: | UBS Securities LLC
|
Fees: | None
|
Cusip: | 90261JKH5
|
© 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.