UBS plans buffer autocallable contingent yield notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., April 3 – UBS AG London Branch plans to price buffer autocallable contingent yield notes due April 14, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 6.2% if each index closes at or above its 85% coupon barrier on the review date for that month.

The notes will be called at par if each index closes at or above its initial level on any monthly review date after one year.

The payout at maturity will be par unless either index finishes below its 85% buffer level, in which case investors will be exposed to any losses of the worse performing index beyond 15%.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes will price on April 10.

The Cusip number is 90270KZG7.

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