UBS plans trigger gears due 2022 linked to Euro Stoxx 50

By Lisa Mayntz

Chicago, Feb. 23 – UBS AG, London Branch plans to price trigger gears due Feb. 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus an upside payment of 2 to 2.15 any index gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the index falls by up to 70% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.

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

The notes will price on Feb. 24 and settle on Feb. 28.

The Cusip number is 90280M558.

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