UBS to sell trigger gears linked to iShares MSCI Emerging Markets ETF

By Devika Patel

Knoxville, Tenn., July 5 – UBS AG, London Branch plans to price 0% trigger gears due July 31, 2024 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.22 to 1.27 times the fund return. The exact upside gearing will be set at pricing. Investors will receive par if the fund declines by 25% or less and will receive will lose 1% for every 1% decline of the fund from its initial level if it falls by more than 25%.

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

The notes (Cusip: 90281D581) will price on July 26 and settle on July 31.

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