UBS to price contingent return optimization notes linked to Russell

By Marisa Wong

Madison, Wis., Aug. 5 - UBS AG, London Branch plans to price 0% contingent return optimization securities due Feb. 29, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 25% to 30% that will be set at pricing.

Otherwise, investors will be fully exposed to losses from the initial index level.

The notes (Cusip: 90271L643) are expected to price Aug. 27 and settle Aug. 30.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

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