UBS plans contingent income autocallable notes linked to two indexes

By Susanna Moon

Chicago, April 23 - UBS AG, London Branch plans to price contingent income autocallable securities due April 30, 2019 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, 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 each index closes at or above its 75% coupon barrier level on a determination date for that quarter.

The notes will be redeemed at par plus the contingent coupon if each index closes at or above its respective initial level on any of the first 19 quarterly redemption determination dates.

If the notes are not called, the payout at maturity will be par plus the final contingent coupon unless either index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price on April 25 and settle on April 30.

The Cusip number is 90272X117.

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