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UBS plans contingent return optimization notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 1 - UBS AG, London Branch plans to price 0% contingent return optimization securities due Oct. 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 70% trigger level, the payout at maturity will be par plus the greater of the 12% contingent return and any index gain, up to a maximum return of 21% to 27% that will be set at pricing.
Otherwise, investors will be fully exposed to losses from the initial index level.
The notes (Cusip: 90271B850) are expected to price April 26 and settle April 30.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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