UBS to price trigger gears linked to unequally weighted index basket

By Devika Patel

Knoxville, Tenn., July 6 – UBS AG, London branch plans to price 0% trigger gears due July 31, 2023 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.2 to 2.3 times the basket return, with the exact participation rate to be set at pricing. Investors will receive par if the basket declines by 50% or less and will lose 1% for each 1% decline from its initial level if the basket declines by more than 50%.

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

The notes (Cusip: 90281A603) will price on July 27 and settle on July 31.

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