E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/11/2018 in the Prospect News Structured Products Daily.

New Issue: UBS prices $144,899 8.83% trigger yield optimization notes on Viacom

New York, Jan. 11 – UBS AG, London Branch priced $144,899.43 of 8.83% annualized trigger yield optimization notes due July 16 linked to the common stock of Viacom Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $30.81, which is equal to the initial share price of Viacom stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Viacom stock is less than 75% of the initial share price, in which case investors will receive one Viacom share per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:UBS AG, London Branch
Issue:Trigger yield optimization notes
Underlying stock:Viacom Inc.
Amount:$144,899.43
Maturity:July 16
Coupon:8.83%, payable monthly
Price:Par of $30.81
Payout at maturity:If final share price is less than trigger price, one Viacom share; otherwise, par
Initial share price:$30.81
Trigger price:$23.11, 75% of initial price
Pricing date:Jan. 11
Settlement date:Jan. 16
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90283N595

© 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.