UBS has become the latest investment bank to launch structured retail notes in Hong Kong using a Caymans-incorporated vehicle, Sparc Limited.Retail-Aimed Callable Investment Notes Global Series 1 & 2 are credit linked to a first-to- default basket of financial institutions comprising Bear Stearns, Deutsche Bank, Goldman, JP Morgan, Lehman Brothers, Macquarie Bank, Merrill Lynch and Morgan Stanley. The notes are available in Hong Kong and US dollar versions. Series 1 pays 6.1% (5.1% for HKD)
