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UBS plans callable range accrual notes on S&P 500, six-month Libor
By Jennifer Chiou
New York, April 20 - UBS AG plans to price callable range accrual notes due April 27, 2027 linked to the S&P 500 index and six-month Libor, according to an FWP with the Securities and Exchange Commission.
The coupon will be 5.9% per year multiplied by the proportion of days on which the index closes at or above 900 and six-month Libor is 6% or less. Interest will be payable quarterly.
The payout at maturity will be par.
After one year, the notes will be callable at par on any interest payment date.
The notes (Cusip: 90261JJW4) will price on April 24 and settle on April 27.
UBS Securities LLC is the agent.
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