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UBS to price barrier absolute return market-linked notes on S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 30 – UBS AG, London Branch plans to price 0% barrier absolute return market-linked notes with daily barrier observation due Sept. 17, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes above the upper barrier, expected to be between 120.5% and 121% of the initial level, or below the lower barrier, expected to be between 79.5% and 79% of the initial level, during the life of the notes. The exact barriers will be set at pricing.
If a barrier event occurs, the payout at maturity will be par of $1,000 plus 2%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
The notes will price on Sept. 14 and settle on Sept. 19.
The Cusip is 90270KTR0.
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