UBS plans buffer autocallable contingent yield notes on index, ETF

By Sarah Lizee

Olympia, Wash., May 20 – UBS AG London Branch plans to price buffer autocallable contingent yield notes due May 26, 2021 linked to the lesser performing of the Russell 2000 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.15% if each asset closes at or above its 80% coupon barrier on the review date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless either asset finishes below its 80% buffer level, in which case investors will be exposed to any losses of the worse performing asset beyond 20%.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes will price on May 21.

The Cusip number is 90270KE21.

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