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UBS plans to price 10.15% geared buffered income autocallable securities tied to JPMorgan
By Emma Trincal
New York, July 23 – UBS AG London Branch plans to sell 10.15% buffered income autocallable securities with downside leverage due July 27, 2021, 2021 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the shares close at or above the initial price on any monthly call observation date.
Investors will receive par at maturity if the stock falls by up to 20% and will lose 1.25% per 1% drop beyond 20%.
UBS Securities LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
The notes will settle on July 27.
The Cusip number is 90276BFB4.
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