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UBS plans trigger autocallable contingent yield notes tied to MetLife
By Susanna Moon
Chicago, July 14 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due July 21, 2021 linked to MetLife, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay contingent monthly coupon at an annual rate of 8% if the stock closes above its 57% to 62% coupon barrier on the observation date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be plus the final coupon unless the stock closes below its 57% to 62% barrier, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on July 15 and settle on July 20.
The Cusip number is 90275Y104.
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