UBS plans trigger callable contingent yield notes linked to indexes

By Angela McDaniels

Tacoma, Wash., July 11 – UBS AG, London Branch plans to price trigger callable contingent yield notes with daily coupon observation due July 23, 2018 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 11% to 12% per year if each index’s closing level remains at or above its trigger level, 75% of its initial level, on each day during that quarter.

The notes will be callable at par of $10 on each quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

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

The notes will price July 15.

The Cusip number is 90275R885.

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