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UBS plans contingent income autocallables linked to three indexes
By Susanna Moon
Chicago, Dec. 9 – UBS AG, London Branch plans to price contingent income autocallable securities due Dec. 10, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Topix index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.5% if each index closes at or above its 73% 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 its redemption level, which is 93% of the initial index level, on any determination date other than the final date.
If each index finishes at or above its 73% trigger 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.
UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
The notes will price on Dec. 10 and settle on Dec. 15.
The Cusip number is 90274F346.
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