UBS to price protected absolute return barrier notes linked to MSCI EAFE index

By E. Janene Geiss

Philadelphia, July 1 - UBS AG plans to price zero-coupon 100% principal protection absolute return barrier notes due Jan. 29, 2010 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

If the index never closes above or below its initial level by more than the barrier amount, the payout at maturity will be par of $10 plus the absolute value of the index return. Otherwise, the payout will be par.

The barrier amount is expected to be 22.75% to 25% and will be set at pricing.

The notes are expected to price July 28 and settle July 31.

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

© 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.