UBS plans trigger callable contingent yield notes on three indexes

New York, April 17 – UBS AG, London Branch plans to price trigger callable contingent yield notes with daily coupon observation due Oct. 23, 2020 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 9% per year if each index closes at or above its coupon barrier, 70% of its initial level, on each trading day in that quarter.

UBS may call the notes at par on any quarterly observation date other than the final one.

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

UBS Securities LLC is underwriter and Morgan Stanley Wealth Management is distributor.

The notes will price on April 20 and settle on April 25.

The Cusip number is 90270KRK7.

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