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UBS plans contingent income autocallables linked to three indexes
By Susanna Moon
Chicago, June 29 – UBS AG, London Branch plans to price contingent income autocallable securities due July 6, 2020 linked to the worst performing of the Euro Stoxx Banks index, the MSCI Emerging Markets index and the Topix index, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11% if each index closes at or above its 80% barrier level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
The notes will price on June 30 and settle on July 6.
The Cusip number is 90275C235.
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