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UBS plans five-year trigger performance notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 1 - UBS AG, London Branch plans to price 0% trigger performance securities due Oct. 31, 2017 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 of $10 plus 184% to 194% of the index return. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if the index falls by more than 50%.
The notes (Cusip: 90269V546) are expected to price Oct. 29 and settle Oct. 31.
UBS Financial Services Inc. and UBS Investment Bank will act as agents.
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