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UBS to price capped trigger dual directional notes tied to Stoxx
By Sarah Lizee
Olympia, Wash., April 17 – UBS AG London Branch plans to price 0% capped trigger dual directional notes due May 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return, capped at par plus 7%.
If the index declines by 18.5% or less, the payout will be par plus the absolute value of the index return.
If the index declines by more than 18.5%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
The notes will price on April 18.
The Cusip number is 90270KB40.
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