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UBS plans trigger autocallable optimization securities on Energy Select fund
By Jennifer Chiou
New York, Jan. 5 – UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Jan. 21, 2017 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9% per year if the fund closes at or above the initial level on any quarterly observation date.
If the notes are not called and the fund finishes at or above the trigger level, 66% to 73% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final fund level is less than the initial level.
The notes (Cusip: 90274F569) will price on Jan. 16 and settle on Jan. 22.
UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.
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