UBS to price 10%-12% yield optimization notes linked to Apple

By E. Janene Geiss

Philadelphia, March 13 - UBS AG plans to price yield optimization notes with contingent protection due Sept. 30, 2008 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 10% to 12% per year, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Apple share on the pricing date, which will be March 25. Settlement will occur on March 31.

The payout at maturity will be par unless Apple stock falls by 40% or more during the life of the notes, in which case the payout will be one share of Apple per note.

UBS Financial Services Inc. and UBS Investment Bank will be 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.