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UBS may price trigger autocallable contingent yield notes on indexes
By Devika Patel
Knoxville, Tenn., June 19 – UBS AG plans to price 0% trigger autocallable contingent yield notes due July 3, 2024 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 8.33% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
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 any index finishes below the downside threshold level, 70% of the initial level, in which case investors will lose 1% for every 1% decline of the worse performing index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
The notes (Cusip: 90270KKS7) will price on June 28 and settle on June 30.
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