UBS eyes trigger contingent absolute return digital notes on Enterprise Product

By Sarah Lizee

Olympia, Wash., Aug. 28 – UBS AG, London Branch plans to price 0% trigger contingent absolute return digital notes due Sept. 2, 2021 linked to Enterprise Product Partners LP, according to a 424B2 filing with the Securities and Exchange Commission.

If the final stock level is at least equal to the initial level, the payout at maturity will be par plus 12%.

Investors will receive par plus 1% for each 1% decline if the stock falls by up to 25% and will be fully exposed to the loss if the stock declines beyond 25%.

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

The notes will price on Aug. 29.

The Cusip number is 90270KL49.

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