UBS plans trigger autocallable contingent yield notes linked to indexes

By Susanna Moon

Chicago, June 7 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due June 14, 2019 linked to the Nasdaq-100 index and the Russell 2000 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 7.4% to 8.4% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact contingent coupon will be set at pricing.

The notes will be called at par 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 unless either index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

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

The notes will price on June 10 and settle on June 15.

The Cusip number is 90275R703.

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