UBS to price trigger phoenix optimization autocallables linked to Ford

By Toni Weeks

San Diego, June 25 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due June 30, 2017 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If the price of Ford stock closes at or above the trigger price - 60% of the initial share price - on any monthly observation date, the issuer will pay a contingent coupon of 8% to 10.5% per year. Otherwise, no coupon will be paid for that interest period.

If the share price is greater than or equal to the initial price on any observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the Ford share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline.

The notes (Cusip: 90268U549) are expected to price June 27 and settle June 29.

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

© 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.