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UBS plans trigger PLUS linked to WisdomTree Japan Hedged fund
By Jennifer Chiou
New York, Feb. 6 - UBS AG, London Branch plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 1, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus two times any fund gain, up to a maximum return of 33.6%. The exact leverage factor will be set at pricing.
Investors will receive par if the shares fall by up to 10% and will be fully exposed to the decline if the fund falls below the 90% trigger level.
The notes (Cusip: 90271T711) are expected to price on Feb. 28 and settle on March 5.
UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.
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