| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers U > Headlines for UBS AG > News item |
UBS to price contingent protection notes linked to S&P 500
By Susanna Moon
Chicago, Sept. 21 - UBS AG plans to price an issue of 0% contingent protection securities due Oct. 31, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return times the participation rate of between 103% and 113%, with the exact level to be set at pricing.
If the index level closes below the trigger level of 50%, investors will receive par plus the index level times the index return. Otherwise, investors will receive par.
The notes will price on Oct. 26 and settle on Oct. 31.
UBS Investment Bank and UBS Financial Services Inc. will underwrite the offering.
© 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.