UBS plans trigger performance securities linked to UBS Bloomberg CMCI

By Angela McDaniels

Tacoma, Wash., Dec. 4 - UBS AG, London Branch plans to price 0% trigger performance securities due Dec. 29, 2023 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 170% to 200% of the index return. The exact participation rate will be set at pricing.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, the payout will be par. The trigger level will be 50% of the initial index level.

If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final level is less than the initial level.

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

The notes are expected to price Dec. 27 and settle Dec. 31.

The Cusip number is 90271R640.

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