UBS plans contingent income autocallables tied to three indexes

By Sarah Lizee

Olympia, Wash., Oct. 10 – UBS AG London Branch plans to price contingent income autocallable securities due Oct. 14, 2021 tied to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 9% if each underlying asset closes at or above its 70% coupon barrier each day that quarter.

The notes will be called at par if each component closes at or above its initial level on any determination end date other the final one.

The payout at maturity will be par unless any underlying asset finishes below its 70% threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.

The notes will price on Oct. 11.

The Cusip number is 90270KR27.

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