UBS plans to price contingent income autocallables linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 15, 2019 linked to Facebook Inc. shares, according to a 4242B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if Facebook shares close at or above their downside threshold, 70% of their initial level, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if Facebook shares close above their initial price on any of the first 11 quarterly determination dates.

The payout at maturity will be par plus the final contingent coupon, unless the shares close below the downside threshold, in which case investors will be fully exposed to the decline.

The notes will price on Feb. 12 and settle on Feb. 18.

UBS Securities LLC is the agent, and Morgan Stanley Wealth Management is a distributor.

The Cusip number is 90275L623.

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