| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers U > Headlines for UBS AG, Jersey Branch > News item |
UBS plans to price seven-year floaters with 2% floor and 7% cap
By Angela McDaniels
Tacoma, Wash., Jan. 25 - UBS AG, Jersey Branch plans to price floating-rate notes due Feb. 3, 2018, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price at 98.25% to 100% of par.
The interest rate will be Libor plus 125 basis points, subject to a minimum rate of 2% per year and a maximum rate of 7% per year. Interest will be payable quarterly.
The payout at maturity will be par.
The notes (Cusip: 90261JGH0) are expected to price in January and settle on Feb. 3.
UBS Investment Bank is 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.