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UBS plans contingent absolute return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 6 – UBS AG, London Branch plans to price 0% contingent absolute return 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 finishes at or above the initial level, the payout at maturity will be par plus at least 148% to 158% of the gain, with the exact participation rate to be set at pricing.
If the index falls by up to the 70% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Oct. 29 and settle on Oct. 31.
The Cusip number is 90274B188.
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