UBS aims to sell trigger autocallables tied to Russell, Stoxx indexes

By Devika Patel

Knoxville, Tenn., Oct. 23 – UBS AG, London Branch plans to price 0% trigger autocallable notes due Nov. 1, 2022 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

After six months, the notes will be automatically called at par of $10 plus a call premium – expected to be 10.25% to 11.25% per year – if each index closes at or above the initial levels on any of the quarterly observation dates.

If the notes are not subject to an automatic call, investors will receive par at maturity, unless either index finishes below its downside threshold, 65% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

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

The notes (Cusip: 90270KNL9) will price on Oct. 26 and settle on Oct. 31.

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