UBS offers investors a bite of Apple
UBS has filed two reverse convertibles linked to the stock of Apple, while JP Morgan picks Netflix as a technology underlying
The most eye-catching of the five reverse convertibles UBS registered with the US Securities and Exchange Commission (SEC) on March 19 are the two structured products the Swiss bank has linked to Apple. On the same day the technology company announced that it would pay its first dividend in 17 years and dedicate much of its $100 billion cash pile to share buybacks, UBS offered eight- and nine-month investments that pay annualised returns of 6.29% with a 79% downside barrier and 8.44% with an 85%
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