UBS to price trigger autocallable contingent yield notes on the Dow

By Sarah Lizee

Olympia, Wash., Jan. 23 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Jan. 28, 2022 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8% if the index closes at or above its coupon barrier level, 80% of its initial level, on the related quarterly observation date.

After six months, the notes will be called at par if the index closes at or above its initial level on any quarterly observation date other than the final one.

The payout at maturity will be par unless the index finishes below the 80% downside threshold, 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 Jan. 25.

The Cusip number is 90281C187.

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