UBS to price contingent income autocallables linked to three indexes

By Jennifer Chiou

New York, Nov. 19 – UBS AG, London Branch plans to price contingent income autocallable securities due Nov. 29, 2019 linked to the worst performing of the Topix index, the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP 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 the determination date for that quarter.

The notes will be redeemed at par plus the contingent coupon if each index closes at or above 95% of its initial level on any determination date other than the final date.

If each index finishes at or above its 75% downside threshold level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst-performing index.

The warrants (Cusip: 90274F189) will price on Nov. 25 and settle on Dec. 1.

UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.

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