UBS plans contingent income autocallables tied to United Continental

By Jennifer Chiou

New York, Oct. 28 – UBS AG, London Branch plans to price contingent income autocallable securities due Nov. 3, 2017 linked to United Continental Holdings, Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 15% if United Continental shares close at or above the barrier level, 65% of the initial share price, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if United Continental shares close at or above the initial share price on any of the first 11 determination dates.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the barrier level, in which case investors will receive a number of United Continental shares equal to $10 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes (Cusip: 90274B717) will price on Oct. 31 and settle on Nov. 5.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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