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UBS plans contingent absolute return notes linked to Euro Stoxx
By Marisa Wong
Madison, Wis., March 3 – UBS AG, London Branch plans to price 0% contingent absolute return performance securities due March 31, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus 123% to 133% of any index gain. The exact participation rate will be set at pricing.
If the index finishes at or above the trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
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 March 27 and settle on March 31.
The Cusip number is 90274P385.
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