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UBS to price trigger performance notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 11 - UBS AG, London Branch plans to price 0% trigger performance securities due May 29, 2015 linked to the S&P 500 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 104% to 114% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by 40% or less and will be fully exposed to losses from the initial level if it falls by more than 40%.
The notes (Cusip: 90268U184) are expected to price May 25 and settle May 31.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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