UBS to price trigger performance notes on WisdomTree Japan fund

By Toni Weeks

San Luis Obispo, Calif., July 16 - UBS AG, London Branch plans to price 0% trigger performance securities due July 31, 2018 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 102% of the fund return.

If the fund return is zero or negative and the final price is equal to or greater than the trigger price, the payout will be par. The trigger price is expected to be 75% to 80% of the initial price and will be determined at pricing.

If the final price is less than the trigger price, investors will be fully exposed to the decline in the fund from its initial price.

The notes (Cusip: 90271L403) are expected to price July 26 and settle July 31.

UBS Financial Services Inc. and UBS Investment Bank will act as agents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.