New Issue: UBS prices $7.11 million fixed-to-floaters with 5% initial rate

By Jennifer Chiou

New York, Sept. 19 - UBS AG, Jersey Branch priced $7.11 million of fixed-to-floating notes due Sept. 21, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first year. After that, it will be Libor plus 175 basis points, up to a maximum interest rate of 6.5%. Interest is payable quarterly.

The payout at maturity will be par.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, Jersey Branch
Issue:	Fixed-to-floating notes
Amount:	$7,105,000
Maturity:	Sept. 21, 2021
Coupon:	5% for first year; then Libor plus 175 bps, capped at 6.5%; payable quarterly
Price:	At least 98.75 and up to par
Payout at maturity:	Par
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90261JHP1

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