UBS AG’s preliminary terms set a $1,000 issue price for trigger callable contingent Yield notes linked to the least-performing of three indexes, with Maturity on or about October 12, 2029. Investors face exposure to index performance, UBS creditworthiness and possible limits on secondary-market Liquidity because market-making is not required.

Key Highlights

  • The notes are linked to the least-performing Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Technology Sector Index.
  • UBS AG may receive at least $971.50 per note after Underwriting compensation of up to $28.50.
  • The securities are not bank deposits and lack Federal Deposit Insurance Corporation coverage.

UBS AG has set a $1,000 issue price for preliminary trigger callable contingent yield notes tied to the least-performing of three indexes. The notes are due on or about October 12, 2029, although the pricing terms remain subject to completion and change before final delivery. The reference measures are the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Technology Sector Index. UBS Securities LLC may receive as much as $28.50 per note in underwriting compensation, leaving UBS AG with at least $971.50 per note in proceeds. The underwriting amount may vary with market conditions when UBS establishes its hedge. The preliminary terms state that UBS AG cannot sell the notes until the pricing supplement and related offering documents are delivered in final form.

Index Exposure, Credit Risk And Secondary Trading

Their terms and Market Value before maturity can be affected by index levels, volatility, expected dividends, correlation, interest rates, geopolitical conditions and UBS AG’s creditworthiness. UBS Securities LLC’s affiliation with UBS creates a conflict under FINRA Rule 5121, and UBS AG will receive net proceeds excluding underwriting compensation.