Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
UBS plans to price capped trigger gears linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – UBS AG, London Branch plans to price 0% capped trigger gears due Nov. 29, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return that is expected to be 35% to 39% and will be set at pricing. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes are expected to price Nov. 28.
The Cusip number is 90275Y724.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.