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UBS plans contingent return optimization notes tied to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Dec. 4 – UBS AG, London Branch plans to price 0% contingent return optimization securities due Dec. 29, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout at maturity will be par of $10 plus the greater of the 8% contingent return and the index return, subject to a maximum return of 30% to 36% that will be set at pricing.
If the final index level is less than the trigger level, investors will be fully exposed to the index decline.
The notes (Cusip: 90274F239) are expected to price Dec. 26 and settle Dec. 31.
UBS Financial Services Inc. and UBS Investment Bank will be the agents.
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