UBS may price trigger autocallable contingent yield notes on indexes

By Devika Patel

Knoxville, Tenn., June 13 – UBS AG plans to price 0% trigger autocallable contingent yield notes due July 1, 2027 linked to the S&P 500 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 at least 7% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

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

The payout at maturity will be par plus the final coupon unless either index finishes below the downside threshold level, 60% of the initial level, in which case investors will lose 1% for every 1% loss of the worse performing index.

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

The notes (Cusip: 90270KKH1) will price on June 27 and settle on June 30.

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