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

By Marisa Wong

Madison, Wis., April 4 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due April 17, 2024 linked to the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.

If each index 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% to 7.5% for that quarter.

The notes will be called at par of $10 plus the contingent coupon if each index 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 index 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 index.

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

The notes will price on April 11 and settle on April 16.

The Cusip number is 90272V715.

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