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UBS plans four-year trigger performance securities linked to the Dow
By Toni Weeks
San Diego, Oct. 21 - UBS AG, London Branch plans to price 0% trigger performance securities due Oct. 30, 2015 linked to the Dow Jones industrial average, 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 144% to 154% of the index return. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if the index falls by more than 50%.
The notes (Cusip: 90267N686) are expected to price Oct. 25 and settle Oct. 31.
UBS Securities LLC and UBS Investment Bank will act as agents.
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