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UBS plans trigger autocallable contingent yield notes on Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Dec. 31, 2026 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 7% to 8% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
After one year, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price Dec. 28.
The Cusip number is 90280M228.
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