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UBS plans to price capped PLUS linked to Russell 2000 index
By Angela McDaniels
Tacoma, Wash., April 25 – UBS AG, London Branch plans to price 0% capped Performance Leverage Upside Securities due Sept. 3, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10.00 plus three times the index return, subject to a maximum payment of $11.446. If the index return is negative, investors will be exposed to the index’s decline.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
The notes are expected to price May 15.
The Cusip number is 90281C807.
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