UBS plans 6.2% contingent yield trigger callables on three indexes

By Susanna Moon

Chicago, Aug. 13 – UBS AG, London Branch plans to price trigger callable contingent yield notes due Feb. 22, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 6.2% if each index closes at or above its 60% coupon barrier on each trading day for that quarter.

The notes are callable at par on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Aug. 17.

The Cusip number is 90270KTJ8.

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