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UBS plans trigger performance securities tied to Euro Stoxx 50 index
By Jennifer Chiou
New York, Dec. 4 - UBS AG, London Branch plans to price 0% trigger performance securities due Dec. 31, 2018 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 166% to 176% of the index return. The exact participation rate will be determined at pricing.
If the index return is zero or negative and the final index level is equal to or greater than the trigger level, 75% 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.
The notes (Cusip: 90271R590) are expected to price on Dec. 27 and settle on Dec. 31.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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