UBS plans contingent absolute return autocallables on United Rentals

By Susanna Moon

Chicago, July 24 – UBS AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due Aug. 7, 2015 linked to United Rentals, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 9% to 11.5% if United Rentals stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.

If the notes are not called and the stock finishes at or above the trigger level, 77.5% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on July 29 and settle on July 31.

The Cusip number is 90273E662.

© 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.