UBS to price trigger autocallable contingent yield notes on indexes, ETF

By Emma Trincal

New York, Nov. 1 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Nov. 8, 2027 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at the rate of 11.4% per year if each underlier closes at or above its coupon barrier, 70% of its initial level, on any related observation date.

After three months, the notes will be automatically called at par plus the coupon if each underlier closes at or above its initial level on any monthly call observation date.

If the notes are not called and the final level of each underlier is greater than or equal to the downside threshold level, 60% of the initial level, the payout at maturity will be par plus any final coupon.

Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes will price on Nov. 3 and settle on Nov. 8.

The Cusip number is 90279WPB4.

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