UBS AG (UBSN) plans to sell contingent capital notes in dollars this week, according to two people with knowledge of the sale.
The dollar-denominated notes will mature in February 2022 and are callable from February 2017, the people said. The securities are permanently written down if the bank’s capital falls below a certain level.
BNP Paribas SA, Commerzbank AG, Deutsche Bank AG and Societe Generale SA are managing the deal with UBS.
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