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UBS plans contingent return optimization notes linked to S&P 500
By Marisa Wong
Madison, Wis., Dec. 10 – UBS AG, London Branch plans to price 0% contingent return optimization securities due Dec. 26, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of the 8% contingent return and the index return, subject to a maximum return of 30% to 33% that will be set at pricing.
If the final index level is less than the trigger level, investors will be fully exposed to the index decline.
UBS Financial Services Inc. and UBS Investment Bank will be the agents.
The notes will price on Dec. 19 and settle on Dec. 24.
The Cusip number is 90274F338.
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