UBS to issue trigger autocallables linked to S&P, Euro Stoxx indexes

By Devika Patel

Knoxville, Tenn., Sept. 19 – UBS AG, London branch plans to price 0% trigger autocallable notes due Sept. 28, 2023 linked to the lesser 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 automatically called at par of $10 plus a call premium – expected to be 10.4% to 11.4% per year – if each index closes at or above the initial levels on any of the quarterly observation dates beginning on March 25, 2019.

If the notes are not subject to an automatic call, investors will receive par at maturity, unless either index finishes below its downside threshold, 60% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes (Cusip: 90270KTW9) will price on Sept. 25 and settle on Sept. 28.

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