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UBS to price trigger phoenix autocallable securities on two indexes
By Jennifer Chiou
New York, Feb. 20 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Feb. 28, 2025 linked to the worst performing of the MSCI Emerging Markets index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% to 8.25% if each index closes at or above its coupon barrier level, 70% of its initial level, on an observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
If the notes are not called and each index finishes at or above its 50% trigger level, the payout at maturity will be par plus the final contingent coupon.
Otherwise, investors will be exposed to any losses of the worst-performing index.
The notes (Cusip: 90274P260) will price on Feb. 25 and settle on Feb. 27.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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