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UBS plans return optimization notes due 2017 with cap tied to S&P 500
By Susanna Moon
Chicago, Jan. 5 – UBS AG, London Branch plans to price 0% return optimization securities due Feb. 28, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 10% to 13%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 90275L326.
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