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Published on 3/11/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $5 million trigger autocallable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, March 11 – UBS AG, London Branch priced $5 million of trigger autocallable contingent yield notes due March 4, 2030 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its coupon barrier, 70% of its initial level, on the related quarterly observation date.

After one year, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final one.

The payout at maturity will be par unless either index finishes below the 52% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

Issuer:UBS AG, London Branch
Issue:Trigger autocallable contingent yield notes
Underlying indexess:S&P 500 index, Russell 2000 index and MSCI Emerging Markets index
Amount:$5 million
Maturity:March 4, 2030
Coupon:7%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
Price:Par of $10
Call:After one year at par plus contingent coupon if both indexs close at or above initial levels on any quarterly observation date other than the final one
Payout at maturity:Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
Initial levels:2,954.22 for S&P, 1,699.635 for Russell, 1,005.52 for Emerging
Coupon barriers:2,067.95 for S&P, 1,033.502 for Russell, 703.86 for Emerging; 70% of initial levels
Downside thresholds:1,536.19 for S&P, 767.744 for Russell, 522.87 for Emerging 52% of initial levels
Pricing date:Feb. 28
Settlement date:March 4
Agent:UBS Financial Services Inc. and UBS Investment Bank
Fees:1.5%
Cusip:90281G857

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