By Sarah Lizee
Olympia, Wash., March 22 – UBS AG, London Branch updated the amount of its recently priced callable step-up notes due March 22, 2023 to $20 million, according to a 424B3 filing with the Securities and Exchange Commission.
The amount was $15,008,000 previously.
The interest rate per year is still 3% initially, stepping up to 3.25% on Sept. 22, 2020 and to 4.25% on Sept. 22, 2022. Interest is payable semiannually.
The notes are callable at par quarterly beginning Sept. 22.
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: | $20 million
|
| Maturity: | March 22, 2023
|
| Coupon: | 3% initially, stepping up to 3.25% on Sept. 22, 2020 and to 4.25% on Sept. 22, 2022; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly
|
| Pricing date: | March 20
|
| Settlement date: | March 22
|
| Underwriters: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.46%
|
| Cusip: | 90270KYR4
|
© 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.
