| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
UBS plans to price trigger performance notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 16 – UBS AG, London Branch plans to price 0% trigger performance securities due Nov. 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 160% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger price, 70% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes are expected to price Nov. 17 and settle Nov. 20.
The Cusip number is 90275G814.
© 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.