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UBS plans contingent return optimization notes linked to Russell 2000
By Marisa Wong
Madison, Wis., April 13 – UBS AG, London Branch plans to price 0% contingent return optimization securities due April 30, 2018 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 trigger level, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of the 10% contingent return and the index return, up to a maximum return of 38% to 45% that will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price April 27 and settle April 30.
The Cusip number is 90274P781.
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