UBS to price trigger callable yield notes linked to SPDR S&P MidCap

By Sarah Lizee

Olympia, Wash., Aug. 11 – UBS AG London Branch plans to price 4% to 5% trigger callable yield notes due Aug. 17, 2022 linked to the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par of $10 unless the ETF finishes below its 55% downside threshold level, in which case investors will lose 1% for each 1% decline of the ETF.

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

The notes will price on Aug. 12.

The Cusip number is 90281K874.

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