UBS plans 7% trigger yield optimization notes tied to Wells Fargo

By Jennifer Chiou

New York, June 14 - UBS AG, London Branch plans to price 7% trigger yield optimization notes due June 21, 2012 linked to the common stock of Wells Fargo & Co., 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 Wells Fargo stock.

The payout at maturity will be par unless the final price of Wells Fargo stock is less than 75% of the initial share price, in which case investors will receive one Wells Fargo share per note.

The notes (Cusip: 90267X296) are expected to price on June 15 and settle on June 20.

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.