UBS plans 8% contingent yield trigger autocalls tied to three indexes

By Susanna Moon

Chicago, Jan. 25 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Feb. 2, 2023 linked to the least performing of the Topix index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par 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 unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

The notes will price on Jan. 29 and settle on Jan. 31.

The Cusip number is 90270KPX1.

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