It should be noted that SPHG includes a call provision – the notes are callable at UBS’ discretion. The call protection lapses after Jan. 31, 2011. No premium will be offered, and the notes would be redeemable at their future-indicative value.
If you can’t decide which method is best for you, examine these points, run the numbers for both and see what they could potentially mean for you.
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Max Chen contributed to this article.