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UBS plans contingent 6%-6.5% trigger autocalls on Stoxx 600, Russell
By Susanna Moon
Chicago, Aug. 20 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 2, 2021 linked to the worst performing of the Russell 2000 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 6% to 6.5% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date after six months.
The payout at maturity will be par unless either index finishes below its 70% trigger level, 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 Aug. 29.
The Cusip number is 90281A819.
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