E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/6/2017 in the Prospect News Structured Products Daily.

UBS plans capped leveraged notes linked to basket of five indexes

By Devika Patel

Knoxville, Tenn., July 6 – UBS AG plans to price 14- to 16-month 0% capped leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The exact maturity date will be set at pricing.

The basket consists of the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.

The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount that is expected to fall between $1,259.20 and $1,305.10 per $1,000 of notes and will be set at pricing.

Investors will lose 1% for each 1% decline.

UBS Securities LLC is the agent.

The Cusip is 90270KLC1.


© 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.