UBS plans contingent income autocallables tied to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., July 30 – UBS AG, London Branch plans to price contingent income autocallable securities due Aug. 5, 2019 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 8% if each index closes at or above its barrier level, 75% of its initial level, on the determination date for that quarter.

The notes will be automatically redeemed at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final determination date.

The payout at maturity will be par plus the final contingent coupon if each index finishes at or above its barrier level. Otherwise, investors will lose 1% for every 1% that the worst-performing index’s final level is less than its initial level.

UBS Securities LLC is the underwriter. Distribution is through Morgan Stanley Smith Barney LLC.

The notes are expected to price July 31 and settle Aug. 5.

The Cusip number is 90273E753.

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