UBS plans 8%-9.5% contingent yield trigger autocalls on tech stocks

By Susanna Moon

Chicago, April 16 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due March 21, 2028 linked to the least performing of the class A common stocks of Amazon.com, Inc. and Apple Inc. and the class C common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9.5% if each underlying stock closes at or above its 55% coupon barrier on the observation date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date other than the final date after six months.

The payout at maturity will be par unless any stock finishes below the 55% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing stock.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on April 25.

The Cusip number is 90270KRA9.

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