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UBS plans leveraged notes linked to basket of five indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 24 – UBS AG plans to price 24- to 27-month 0% 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 between 202% and 220% of any basket gain. The exact upside participation rate will be set at pricing.
Investors will lose 1% for each 1% decline.
UBS Securities LLC is the agent.
The Cusip is 90270KNU9.
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