UBS plans to price contingent income autocallables on Facebook stock

By Devika Patel

Knoxville, Tenn., May 6 – UBS AG, London Branch plans to price contingent income autocallable securities due May 16, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Facebook shares close at or above the downside threshold level, 80% of the initial share price, on any quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 10.7%.

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

If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will receive the cash equivalent of the return.

UBS Securities LLC is the agent.

The notes (Cusip: 90275R539) will price May 13 and settle May 18.

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