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UBS plans trigger return optimization securities tied to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Sept. 2 – UBS AG, London Branch plans to price 0% trigger return optimization securities due Sept. 29, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 1.5 times the return, up to a maximum return of 29% to 35% that will be set at pricing.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline from the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price Sept. 25 and settle Sept. 30.
The Cusip number is 90273L526.
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