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UBS plans capped trigger in-step securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 22 – UBS AG, London Branch plans to price 0% trigger in-step securities due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% step barrier level, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum return of 21% to 24%.
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 Feb. 23.
The Cusip number is 90280M582.
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