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 3/8/2011 in the Prospect News Structured Products Daily.

UBS plans 7.25%-9.25% trigger yield optimization notes on Ford Motor

By Susanna Moon

Chicago, March 8 - UBS AG, London Branch plans to price 7.25% to 9.25% trigger yield optimization notes with contingent protection due March 20, 2012 linked to the common stock of Ford Motor Co., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial share price of Ford Motor stock.

The payout at maturity will be par unless the final price of Ford Motor stock is less than 80% of the initial share price, in which case investors will receive one Ford Motor share per note.

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

The notes are expected to price on March 14 and settle on March 17.

The Cusip is 90267G251.


© 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.