| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Energy Select Sector SPDR fund > News item |
UBS plans trigger performance notes tied to Energy Select Sector SPDR
By Angela McDaniels
Tacoma, Wash., Sept. 25 – UBS AG, London Branch plans to price 0% trigger performance securities due Oct. 30, 2020 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 150% to 160% of the ETF return. The exact participation rate will be set at pricing.
If the ETF return is zero or negative and the ETF’s final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the decline in the ETF from its initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes are expected to price Oct. 27 and settle Oct. 30.
The Cusip number is 90275G368.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.