UBS amends contingent income autocallables tied to Fifth Third stock

By Susanna Moon

Chicago, April 26 - UBS AG, London Branch pushed back pricing of its contingent income autocallable securities linked to the common stock of Fifth Third Bancorp, according to an FWP filing with the Securities and Exchange Commission.

The notes will now price on April 30 and settle on May 3, with the maturity date set for May 1, 2015. They were originally due April 30, 2015, and set to price on April 27 and settle on May 2.

If the share price is greater than or equal to the downside threshold level - 70% of the initial price - on a quarterly determination date, investors will receive a contingent payment of $0.2825 to $0.3825 for each $10.00 note. Otherwise, no contingent payment will be made for that quarter. The exact contingent payment will be set at pricing.

If the share price is greater than or equal to the initial price on any of the first 11 quarterly determination dates, the notes will be automatically redeemed at par plus the contingent payment.

If the notes are not called and the final price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the contingent payment. If the final price is less than the downside threshold level, investors will receive a number of shares of Fifth Third stock equal to $10.00 divided by the initial share price.

UBS Securities LLC is the agent. Distribution will be through Morgan Stanley Smith Barney LLC.

The Cusip is 9026M0721.

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