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UBS plans trigger return optimization securities linked to S&P 500
By Susanna Moon
Chicago, March 5 - UBS AG, London Branch plans to price 0% trigger return optimization securities due March 31, 2017 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times of any index gain, up to a maximum return of 18% to 25%. The exact rate will be set at pricing.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on March 26 and settle on March 31.
The Cusip number is 90272V194.
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