UBS eyes trigger autocallable contingent yield notes on Russell, Dow

By Sarah Lizee

Olympia, Wash., Nov. 25 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Dec. 2, 2024 linked to the Russell 2000 index and 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 6% to 6.7% if each asset closes at or above its coupon barrier, 70% of its initial level, on the review date for that quarter.

After one year, the notes will be called at par of $10 if each asset closes at or above its initial level on any review date.

The payout at maturity will be par plus the final coupon unless either asset finishes below the downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing asset from its initial level.

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

The notes will price on Nov. 26.

The Cusip number is 90281F297.

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