UBS will price contingent income autocallables on three indexes

By Wendy Van Sickle

Columbus, Ohio, July 19 – UBS AG, London Branch plans to price contingent income autocallable securities due Aug. 3, 2022 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to an 42B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent payment at a rate of at 8.2% per year if each index closes at or above its downside threshold level, 80% of its initial index level, on the determination date for that quarter

UBS may call the notes at par plus the contingent coupon if the closing level of each index is greater than or equal to its initial level on any observation date other than the final one.

If each index finishes at or above its downside threshold level, 80% of its initial index level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

UBS Securities LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

The notes (Cusip: 90270KH51) will price on July 31 and settle three days after pricing.

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