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UBS plans to price trigger performance notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 3 – UBS AG, London Branch plans to price 0% trigger performance securities due June 30, 2025 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 110% to 130% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 50% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes are expected to price June 25 and settle June 30.
The Cusip number is 90274T668.
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