UBS plans trigger return optimization securities tied to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., July 1 – UBS AG, London Branch plans to price 0% trigger return optimization securities due July 31, 2017 linked to the Russell 2000 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 1.5 times the index return, subject to a maximum return of 25% to 32% that will be set at pricing.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.

If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.

The notes (Cusip: 90273E407) are expected to price July 28 and settle July 31.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

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