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UBS to price 6%-8% six-month airbag yield notes linked to VeriFone
By Susanna Moon
Chicago, Aug. 8 - UBS AG, London Branch plans to price 6% to 8% annualized airbag yield optimization notes due Feb. 15, 2013 linked to VeriFone Systems, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The payout at maturity will be par unless the stock finishes below the 75% conversion level, in which case the payout will be a number of VeriFone shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price on Aug. 9 and settle on Aug. 14.
The Cusip number is 90269V132.
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