UBS plans trigger phoenix autocallables tied to two indexes

By Toni Weeks

San Luis Obispo, Calif., July 15 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due July 31, 2025 linked to the worst-performing of the Euro Stoxx 50 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 7.15% to 7.75% per year if each index closes at or above its coupon barrier level, 70% of its initial level, on an observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each index closes at or above its initial price on any quarterly observation date after one year.

If each index finishes at or above the coupon barrier, the payout at maturity will be par plus the final contingent coupon.

If either index falls below the coupon barrier but each index finishes at or above the 50% trigger level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worst-performing index.

The notes (Cusip: 90275C417) are expected to price July 29 and settle July 31.

UBS Securities LLC and UBS Investment Bank are the agents.

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