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UBS plans trigger phoenix autocallables linked to Nasdaq 100, Russell
By Susanna Moon
Chicago, Oct. 7 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 22, 2018 linked to the least performing of the Nasdaq 100 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 9.3% to 10% if each index closes at or above the 70% coupon barrier level on any observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above the initial price on any quarterly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Oct. 16 and settle on Oct. 21.
The Cusip number is 90275G418.
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