UBS plans trigger autocallable contingent yield notes on two stocks

By Devika Patel

Knoxville, Tenn., Aug. 25 – UBS AG, London Branch plans to price 0% trigger autocallable contingent yield notes due Sept. 1, 2022 linked to the common stocks of Apple Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.6% if each stock closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless either stock finishes below the downside threshold level, 60% of its initial level, in which case investors will lose 1% for every 1% decline of the worse performing stock.

UBS Securities LLC and UBS Investment Bank are the bookrunners.

The notes (Cusip: 90270KMG1) will price on Aug. 28 and settle on Aug. 31.

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