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

By Marisa Wong

Morgantown, W.Va., Jan. 24 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Jan. 29, 2020 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.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6.53% to 7.53% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless either index finishes below its 70% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Jan. 25.

The Cusip number is 90280M491.

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