UBS to price trigger PLUS due 2016 linked to Stoxx Europe 600 index

By Jennifer Chiou

New York, Oct. 30 – UBS AG, London Branch plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 3, 2016 linked to the Stoxx Europe 600 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 150% of the gain, capped at 32%.

Investors will receive par for losses up to 10% and will share fully in losses if the index falls beyond 10%.

The notes (Cusip: 90274B766) will price on Oct. 31 and settle on Nov. 5.

UBS Securities LLC is the agent.

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