UBS plans contingent income autocallables linked to three indexes

By Toni Weeks

San Luis Obispo, Calif., April 8 – UBS AG, London Branch plans to price contingent income autocallable securities due April 22, 2022 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 payment of 2.375%, or 9% per year, if each index closes at or above its 75% barrier level on the observation date for that quarter.

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

The payout at maturity will be par unless any index finishes below its downside threshold level, 60% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

The notes (Cusip: 90274P823) are expected to price April 17 and settle April 22.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

© 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.