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UBS plans to price 0% return enhanced notes linked to S&P 500
By Jennifer Chiou
New York, June 13 - UBS AG, London Branch plans to price 0% return enhanced notes due June 20, 2018 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.54 times any gain in the index.
Investors will be fully exposed to any losses.
The final index level will be the average of the closing index level on the five trading days ending June 15, 2018.
The notes (Cusip: 902674MR8) are expected to price on June 14 and settle on June 19.
UBS Investment Bank will be the underwriter with J.P. Morgan Securities LLC as placement agent.
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