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UBS plans return optimization securities linked to three gaming stocks
By Angela McDaniels
Tacoma, Wash., May 1– UBS AG, London Branch plans to price 0% return optimization securities due Nov. 15, 2016 linked to an equally weighted basket consisting of the common stocks of Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd., according to an FWP filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum return of 30.6% If the basket return is negative, investors will be fully exposed to the decline.
UBS Securities LLC and UBS Investment Bank are the agents.
The notes will price May 7 and settle May 14.
The Cusip number is 90270KES4.
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