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UBS to price capped leveraged buffered notes linked to S&P 500
By Jennifer Chiou
New York, Feb. 19 – UBS AG, London Branch plans to price 0% capped leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 13 and 16 months after pricing.
The payout at maturity will be par plus 1.3 times any index gain, subject to the maximum settlement amount, which is expected to be $1,110.50 to $1,130 for each $1,000 principal amount. The exact upside participation rate and cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
The notes (Cusip: 90270KEJ4) will price on Feb. 20.
UBS Securities LLC is the underwriter.
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