UBS plans trigger autocallable contingent yield notes linked to Schwab

By Susanna Moon

Chicago, April 20 – UBS AG, London Branch plans to price autocallable contingent yield notes due April 30, 2021 linked to Charles Schwab Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the stock closes above its barrier level, 61% to 66% of the initial level, on the observation date for that quarter. The exact barrier will be set at pricing.

The notes will be called at par if the stock closes at or above its initial level on any observation date after one year.

The payout at maturity will be par unless the shares finish below the barrier level, 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 April 22 and settle on April 27.

The Cusip number is 90275R448.

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