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UBS plans step down trigger autocallables tied to Stoxx 50, S&P 500
By Susanna Moon
Chicago, Sept. 13 – UBS AG, London Branch plans to price step down trigger autocallables due Sept. 19, 2023 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9% to 10% if each index closes at or above its initial level on any of the first four annual observation dates or its 70% downside threshold on the final observation date.
If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Sept. 14.
The Cusip number is 90281B106.
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