UBS plans trigger performance notes on Constant Maturity Commodity

By Susanna Moon

Chicago, Aug. 26 - UBS AG, London Branch plans to price 0% trigger performance securities due 2023 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% to 220% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

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