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 2/19/2013 in the Prospect News Structured Products Daily.

UBS plans contingent income autocallable notes linked to Dean Foods

By Susanna Moon

Chicago, Feb. 19 - UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 27, 2014 linked to Dean Foods Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annualized rate of 10.6% to 13.6% if Dean Foods shares close at or above the 75% barrier level on the determination date for that quarter.

If the shares close at or above the initial level on any of the first three determination dates, the notes will be called at par plus the contingent coupon.

If Dean Foods shares finish at or above the barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of Dean Foods shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent of those shares.

UBS Securities LLC is the agent.

The notes will price on Feb. 22 and settle on Feb. 27.

The Cusip number is 90271B546.


© 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.