UBS plans five-year trigger phoenix autocallables tied to three indexes

By Susanna Moon

Chicago, Feb. 24 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 1, 2021 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 13% to 14% per year if each index closes at or above its barrier level, 75% of its initial level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

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

The notes will price on Feb. 25 and settle on Feb. 29.

The Cusip number is 90275L771.

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