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UBS to price trigger performance notes linked to UBS Bloomberg CMCI
By Marisa Wong
Madison, Wis., July 2 – UBS AG, London Branch plans to price 0% trigger performance securities due July 31, 2024 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 155% to 180% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is equal to or greater than the trigger level, 50% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes are expected to price July 28 and settle July 31.
The Cusip number is 90273E167.
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