UBS plans 0% return optimization securities linked to Nikkei

By Angela McDaniels

Seattle, Jan. 25 - UBS AG plans to price an issue of return optimization securities due Aug. 29, 2008 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.

The securities will price on Feb. 22 and settle on Feb. 28.

The payout at maturity will be par of $10 plus triple any positive index return. The return will be capped at between 37% and 39%, with the exact cap to be determined at pricing.

Investors will be fully exposed to any decline in the index.

UBS Investment Bank and UBS Financial Services Inc. will underwrite the offering and will receive a discount of 1.75%.

© 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.