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UBS plans to price step-down trigger autocallable notes on Russell, S&P
By Emma Trincal
New York, March 1 – UBS AG, London Branch plans to price 0% step-down trigger autocallable notes due March 31, 2028 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9.4% annualized call premium if each index closes at or above call level on any annual valuation date. The call level starts at 100% of the initial level for each index and steps down by 2.5% per year.
If each index finishes at or above 90% of initial level, the payout at maturity will be par plus 47%.
If the worst performer declines by more than 10% but finishes at or above its 65% downside threshold, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
The notes will price on March 28 and settle on March 31.
The Cusip number is 90279F5H0.
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