UBS plans trigger autocallable contingent yield notes linked to Target

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 14, 2021 linked to the common stock of Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 7% per year if the shares close at or above the downside threshold level, 71.5% to 76.5% of the initial share price, on the observation date for that month. The exact downside threshold will be set at pricing.

After one year, the notes will be automatically called at par of $10 if the shares close at or above the initial share price on any monthly observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes will price Sept. 9.

The Cusip number is 90275Y377.

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