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UBS plans 6.5-8.5% trigger yield optimization notes on Citigroup
By Toni Weeks
San Diego, July 25 - UBS AG, London Branch plans to price 6.5% to 8.5% trigger yield optimization notes due July 31, 2012 linked to the common stock of Citigroup Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The face amount of each note will be equal to the initial price of Citigroup stock.
The payout at maturity will be par in cash unless the final price of Citigroup stock is less than 80% of the initial share price, in which case investors will receive one Citigroup share per note.
The notes (Cusip: 90268B152) are expected to price July 27 and settle July 29.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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