UBS plans 7.7%-8% contingent yield trigger callables on two indexes

By Susanna Moon

Chicago, Feb. 7 – UBS AG, London Branch plans to price trigger callable contingent yield notes due Feb. 17, 2022 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annual rate of 7.7% to 8% if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any review date other than the final valuation date.

The payout at maturity will be par unless either index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

The notes will price on Feb. 15.

The Cusip number is 90270KXE4.

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