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UBS plans autocallable trigger gears due 2022 linked to Stoxx 50
By Sarah Lizee
Olympia, Wash., March 12 – UBS AG London Branch plans to price 0% autocallable trigger gears due March 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus 10% per year if the index closes at or above the autocall barrier, 100% of the initial index level, on March 30, 2020 or March 29, 2021.
If the notes are not called and the index return is greater than zero, the payout at maturity will be par plus 5 times the index return. Investors will receive par if the index declines by up to the downside threshold, 64% to 66% of its initial level, and will otherwise have one-to-one exposure to the index’s decline from its initial level.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
The notes will price on March 27.
The Cusip number is 90281C369.
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