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UBS to price buffer performance securities linked to Euro Stoxx 50
New York, Oct. 3- UBS AG, London Branch plans to price 0% buffered performance securities due Oct. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 135% to 145% of the gain, with the exact participation rate to be set at pricing.
If the index return is zero or negative and the index declines by the 20% buffer percentage or less the payout will be par.
If the index falls by more than 20%, investors will lose 1% for every 1% decline in the index beyond the 20% buffer.
The notes (Cusip: 90274B212) are expected to price Oct. 29 and settle Oct. 31.
The estimated initial value of the securities is expected to be between $9.35 and $9.65 per $10 par amount.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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