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UBS plans to price capped PLUS linked to Russell 2000 index
Chicago, Feb. 13 – UBS AG, London Branch plans to price 0% capped Performance Leveraged Upside Securities due June 3, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of $11.60 per $10 principal amount of notes.
Investors will receive par if the index return is flat and will be exposed to any losses in the decline of the index.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price March 5.
The Cusip number is 90281C302.
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