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UBS to price trigger autocallable contingent yield notes on Applied Materials
By Sarah Lizee
Olympia, Wash., June 10 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due June 15, 2023 linked to the common stock of Applied Materials, 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 10.5% to 12.5% if the stock closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes will be called at par of $10 plus the coupon if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on June 12.
The Cusip number is 90276BDF7.
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