Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for UBS AG, London Branch > News item |
UBS plans 7.15%-9.15% trigger yield optimization notes on Rio Tinto
By Jennifer Chiou
New York, April 26 - UBS AG, London Branch plans to price 7.15% to 9.15% trigger yield optimization notes due April 30, 2012 linked to the American depositary shares of Rio Tinto plc, according to an FWP with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of a Rio Tinto ADS.
The payout at maturity will be par unless the final price of a Rio Tinto ADS is less than 80% of the initial price, in which case investors will receive one Rio Tinto ADS per note.
The notes (Cusip: 90267G525) are expected to price on April 27 and settle on April 29.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
© 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.