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UBS to price trigger autocallable GEARS linked to Stoxx
By Wendy Van Sickle
Columbus, Ohio, March 13 – UBS AG, London Branch plans to price 0% trigger autocallable 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 plus a 10% annualized premium if the index closes at or above its initial level on any annual observation date prior to maturity.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 5 times the index gain.
If the index declines, but finishes above its 64% to 66% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on March 27.
The Cusip number is 90281C369.
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