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UBS to price capped leveraged buffered notes linked to index basket
By Angela McDaniels
Tacoma, Wash., Nov. 20 – UBS AG, London Branch plans to price 24- to 27-month 0% capped leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum settlement amount that is expected to be between $1,450.45 and $1,529.65 for each $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The exact maturity date and maximum settlement amount will be set at pricing.
UBS Securities LLC is the agent.
The Cusip number is 90270KPC7.
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