UBS plans trigger phoenix autocallables linked to Euro Stoxx, MSCI EM

By Susanna Moon

Chicago, March 11 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 20, 2024 linked to the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

If each component finishes at or above its coupon barrier, 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon at an annual rate of 7.6% to 8.1% for that quarter.

The notes will be called at par of $10 plus the contingent coupon if each component closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par plus the contingent coupon unless either component finishes at or above its trigger level, 50% of its initial level, in which case investors will be exposed to any losses of the worst performing component.

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

The notes will price on March 14 and settle on March 19.

The Cusip number is 90272V277.

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