Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldcorp Inc. > News item |
UBS to price yield optimization notes linked to Goldcorp
By Jennifer Chiou
New York, July 26 - UBS AG plans to price yield optimization notes with contingent protection due Aug. 29, 2008 linked to the common stock of Goldcorp Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes will carry a coupon of 11.5% to 12.5%, and interest will be payable quarterly. The exact coupon will be determined at pricing.
The notes will price on Aug. 27 and settle on Aug. 31.
If Goldcorp stock falls below the trigger price during the life of the notes, the payout will be one Goldcorp share per note. If Goldcorp stock does not fall below the trigger price, the payout will be par.
The trigger price will be 75% of the initial share price, and par will equal the initial share price.
UBS Securities Investment Bank and UBS Financial Services, Inc. will be the underwriters.
© 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.