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UBS to price trigger performance securities linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 1 - UBS AG, London Branch plans to price 0% trigger performance securities due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 160% to 170% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by 50% or less and will be fully exposed to losses if the index drops below the 50% trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price Feb. 26 and settle Feb. 28.
The Cusip number is 90271B439.
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