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UBS plans five-year trigger phoenix autocallable notes linked to Ford
By Susanna Moon
Chicago, Oct. 31 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Nov. 7, 2018 linked to Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8% if Ford stock closes at or above the 71% to 75% barrier level on an observation date for that month. The exact barrier level will be set at pricing.
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 monthly observation date after one year.
If the notes are not called and Ford shares finish at or above the barrier level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price on Nov. 1 and settle on Nov. 7.
The Cusip number is 90271R277.
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