UBS plans to sell fixed-to-floating-rate notes due 2025 tied to Libor

By Marisa Wong

Madison, Wis., Nov. 3 - UBS AG, Jersey Branch plans to price callable fixed-to-floating-rate notes due Nov. 24, 2025 linked to Libor, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be fixed at 5.25% to 5.75% for the first three years. The exact rate will be set at pricing. After that, the rate will be Libor plus a spread of 100 basis points, up to a maximum of 7.5%. Interest is payable quarterly.

The notes are callable in whole on any interest payment date beginning Nov. 24, 2013.

The payout at maturity or upon redemption will be par.

The notes (Cusip: 90261JGC1) will price on Nov. 19 and settle on Nov. 24.

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

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