UBS plans contingent income autocallable notes linked to three indexes

By Susanna Moon

Chicago, May 8 - UBS AG, London Branch plans to price contingent income autocallable securities due May 21, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Nikkei 225 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 call threshold level, 95% of the 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 any 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 May 16 and settle on May 21.

The Cusip number is 90272X265.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.