UBS plans trigger autocallable contingent yield notes linked to Russell 2000, S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 4 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due May 19, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.8% to 7.8% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

After one year, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called and the final level of the lesser-performing index is greater than or equal to its downside threshold, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index’s final level is less than its initial level.

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

The notes will price on May 13 and settle on May 18.

The Cusip number is 90275R505.

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