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UBS to price trigger autocallable contingent yield notes tied to indexes
By Tali Rackner
Minneapolis, July 19 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due July 30, 2020 linked to the Nasdaq-100 index and the Euro Stoxx 50 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 6% to 7% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
After six months, the notes will be called at par plus the 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 unless any 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 lesser-performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on July 27 and settle on July 31.
The Cusip number is 90280V780.
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