New Issue: UBS prices $4 million callable step-up notes with 0.35% start rate

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – UBS AG, London Branch priced $4 million of callable step-up notes due Nov. 6, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate per year is 0.35% initially, stepping up to 0.45% on Nov. 6, 2021, to 0.55% on Nov. 6, 2022 and to 0.65% on Nov. 6, 2023. Interest is payable quarterly.

The notes are callable at par quarterly after one year.

The payout at maturity will be par.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Callable step-up notes
Amount:	$4 million
Maturity:	Nov. 6, 2024
Coupon:	0.35% initially, stepping up to 0.45% on Nov. 6, 2021, to 0.55% on Nov. 6, 2022 and to 0.65% on Nov. 6, 2023; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly after one year
Pricing date:	Nov. 3
Settlement date:	Nov. 6
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	0.3%
Cusip:	90276BKN2

© 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.