UBS plans trigger autocallable contingent yield notes on Russell, Nasdaq

By Sarah Lizee

Olympia, Wash., May 28 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due June 3, 2022 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 8% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be 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 plus the final coupon unless either index finishes below the downside threshold level, 70% of the initial level, in which case investors will lose 1% for every 1% loss of the worse performing index.

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

The notes (Cusip: 90281D326) will price on May 29.

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