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UBS plans contingent 6.15%-7.15% trigger autocallables tied to indexes
By Susanna Moon
Chicago, Oct. 11 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Oct. 30, 2020 linked to the least performing of the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 6.15% to 7.15% if each index closes at or above its 70% coupon barrier on the determination date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly determination date after six months.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Oct. 27 and settle on Oct. 31.
The Cusip number is 90280X448.
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