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UBS to price trigger autocallable contingent yield notes on Russell
Chicago, Jan. 25 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Feb. 2, 2022 linked to 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 between 5.75% and 6.2% if the index closes at or above its coupon barrier level, 80% of its initial level, on the related quarterly observation date.
After six months, the notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless the index finishes below the 80% downside threshold, in which case investors will be exposed to the losses of the index.
UBS Securities LLC is the agent.
The notes will price on Jan. 28.
The Cusip number is 90270KWZ8.
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