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UBS to price trigger performance notes tied to UBS Bloomberg CMCI
By Jennifer Chiou
New York, April 9 - UBS AG, London Branch plans to price 0% trigger performance securities due April 30, 2024 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 170% to 190% of the index return. Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.
The exact upside participation rate will be set at pricing.
The notes (Cusip: 90272V798) are expected to price on April 25 and settle on April 30.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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