UBS to price trigger autocallable notes linked to Russell, Stoxx

By Sarah Lizee

Olympia, Wash., March 4 – UBS AG, London Branch plans to price 0% trigger autocallable notes due April 12, 2023 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 11.25% annualized premium if each index closes at or above 90% of its initial level on any annual observation date prior to maturity.

If the notes are not called and each index finishes at or above its 70% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing index’s final level is below its initial level.

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

The notes will price on March 22.

The Cusip number is 90270KYG8.

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