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UBS plans contingent absolute return notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Dec. 4 – UBS AG, London Branch plans to price 0% contingent absolute return performance securities due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 123% to 133% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price Dec. 29 and settle Dec. 31.
The Cusip number is 90274F221.
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