Super notes to the rescue

UBS launches two new equity-linked notes.

UBS unveiled its Super Notes XV series No. 15a and 15b, which may sound like an advert for a US football game, but is really two tranches of notes linked to the performance of eight Hong Kong-listed companies.

The notes which have a tenor of two years and a fixed coupon of 7.0% for the first year, also offer the potential for mandatory early redemption after the first 18 months as well as a potential bonus coupon of 7% upon mandatory early redemption or at maturity.

Otherwise, the potential variable coupon is linked to the best performing share in the basket subject to a maximum of...

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