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UBS to price lookback entry PLUS linked to Euro Stoxx Banks index
By Angela McDaniels
Tacoma, Wash., June 21 – UBS AG, London Branch plans to price 0% Performance Leveraged Upside Securities with lookback entry due Sept. 27, 2017 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index from the pricing date through July 12.
If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 20.25%. If the index return is negative, investors will be exposed to the decline.
UBS Securities is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price June 22.
The Cusip number is 90275R745.
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