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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.
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