UBS plans three-year trigger phoenix autocallables linked to Facebook

By Toni Weeks

San Luis Obispo, Calif., Aug. 5 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Aug. 13, 2018 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if Facebook stock closes at or above the trigger level, 65% to 70% of the initial level, on the observation date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any quarterly observation date after one year.

The payout at maturity will be par plus the contingent coupon unless Facebook shares finish below the 65% to 70% trigger level, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price Aug. 7 and settle Aug. 12.

The Cusip number is 90275C672.

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