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UBS to price trigger callable contingent yield notes on three indexes
By Marisa Wong
Morgantown, W.Va., Aug. 25 – UBS AG, London Branch plans to price trigger callable contingent yield notes due Dec. 5, 2022 linked to the least performing of the MSCI EAFE index, Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 8% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be callable at par plus the coupon, if any, on any quarterly observation date other than the final one.
The payout at maturity will be par plus the coupon, if any, unless any index finishes below its downside threshold level, 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Aug. 28.
The Cusip number is 90280X208.
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