UBS to price trigger callable contingent yield notes on six stocks

By Sarah Lizee

Olympia, Wash., Feb. 21 – UBS AG London Branch plans to price trigger callable contingent yield notes due Feb. 27, 2023 linked to the least performing of the common stocks of Apple Inc., Alibaba Group Holding Ltd., Facebook, Inc., Microsoft Corp., Amazon.com, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at a rate of 22.5% per year if each stock closes at or above its coupon barrier, 70% of its initial level, on the observation date that quarter.

The notes are callable at par plus any coupon due on any quarterly coupon payment date.

If the notes are not called and each stock finishes at or above its downside threshold, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final level is below its initial level.

UBS Investment Bank and UBS Securities LLC are the agents.

The notes will price on Feb. 24.

The Cusip number is 22550V224.

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