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UBS to price capped trigger dual directional notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 22 – UBS AG London Branch plans to price 0% capped trigger dual directional notes due Feb. 10, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return, capped at par plus 3%.
If the index declines by 21.75% or less, the payout will be par plus the absolute value of the index return.
If the index declines by more than 21.75%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
The notes will price on Jan. 24.
The Cusip number is 90270K3F4.
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