UBS plans 8.85%-11.35% trigger yield optimization notes on Skyworks

By Marisa Wong

Madison, Wis., April 3 - UBS AG, London Branch plans to price 8.85% to 11.35% trigger yield optimization notes due April 11, 2013 linked to the common stock of Skyworks Solutions, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly. The exact coupon will be determined at pricing.

The face amount of each note will equal the initial share price of Skyworks stock.

The payout at maturity will be par unless the final price of Skyworks stock is less than 70% of the initial share price, in which case investors will receive one Skyworks share per note.

The notes (Cusip: 9026M0598) will price April 5 and settle April 11.

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.