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UBS plans trigger return optimization notes linked to S&P 500
By Susanna Moon
Chicago, July 2 – UBS AG, London Branch plans to price 0% trigger return optimization securities due July 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 26% to 32%.
If the index falls by up to the trigger level, 75% of the initial 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 underwriters.
The notes will price on July 28 and settle on July 31.
The Cusip number is 90275C292.
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