UBS plans contingent income autocallables due 2019 tied to Prudential

By Susanna Moon

Chicago, Dec. 19 – UBS AG, London Branch plans to price contingent income autocallable securities due Dec. 27, 2019 linked to Prudential Financial, Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.6% if the stock closes at or above the downside threshold level, 80% of its initial price, on a determination date for that quarter.

The notes will be redeemed at par plus the contingent coupon if the stock closes at or above its initial price on any determination date.

The payout at maturity will be par plus the contingent quarterly payment unless the stock finishes below the 80% downside threshold level, in which case investors will be fully exposed to any losses.

The agent is UBS Securities LLC.

The notes will price on Dec. 23 and settle on Dec. 29.

The Cusip number is 90280M293.

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