UBS plans trigger autocallable contingent yield notes on Russell, Dow

By Sarah Lizee

Olympia, Wash., Oct. 17 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Oct. 21, 2021 tied to the lesser performing of the Dow Jones industrial average and 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 8% to 8.6% if each index closes at or above its coupon barrier, 75% of its initial level, on the related quarterly observation date.

After six months, the notes will be called at par if each 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 either index finishes below the 75% 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 Oct. 18.

The Cusip number is 90281E621.

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