UBS eyes trigger autocallable contingent yield notes on Dow, Nasdaq

Chicago, Dec. 19 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Dec. 29, 2028 linked to the lesser performing of the Dow Jones industrial average 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 between 7.2% and 8.2% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

After one year, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date other than the final one.

The payout at maturity will be par of $10 unless either index finishes below the 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

The notes will price Dec. 27 and settle on Dec. 31.

The Cusip number is 90281B775.

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