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UBS launches sustainable notes backed by World Bank

UBS AG announced an offering of notes issued by the World Bank's International Bank for Reconstruction and Development that will support its development activites.

The notes will link to the Global Sustainability Signatories Index 7.5% VC ER index for the first time, which provides exposure to up to 100 UN Global Compact signatories selected according to their environmental, social and governance ratings from Sustainalytics, a global ESG research and ratings provider.

UBS is the sole underwriter of the notes, and exclusive provider of financial products referencing the index, which was created by Sustainalytics and is administered by index provider Solactive.

The notes, upon maturity in seven years' time, will pay investors their principal plus any positive return of the index.