UBS plans 6%-8% airbag autocallable yield notes linked to Avago

By Marisa Wong

Madison, Wis., July 6 – UBS AG, London Branch plans to price 6% to 8% airbag autocallable yield optimization notes due July 15, 2016 linked to Avago Technologies Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called at par if Avago shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Avago shares equal to $1,000 divided by the conversion price. The conversion price will be 82% of the initial share price.

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

The notes will price on July 10 and settle on July 15.

The Cusip number is 90275C334.

© 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.