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UBS plans to price trigger performance securities linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Feb. 1 - UBS AG, London Branch plans to price 0% trigger performance securities due Feb. 28, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 102% to 112% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by 50% or less and will be fully exposed to losses if the index drops below the 50% trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price Feb. 25 and settle Feb. 28.
The Cusip number is 90271B405.
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