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UBS plans trigger return optimization notes tied to S&P MidCap 400
By Marisa Wong
Madison, Wis., June 5 – UBS AG, London Branch plans to price 0% trigger return optimization securities due June 29, 2018 linked to the S&P MidCap 400 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 24.5% to 31.5%.
If the index falls by up to the trigger level, 80% 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 June 25 and settle June 30.
The Cusip number is 90274T627.
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