UBS plans five-year contingent income autocallables linked to indexes

By Susanna Moon

Chicago, Aug. 6 – UBS AG, London Branch plans to price contingent income autocallable securities due Aug. 20, 2019 linked to the Euro Stoxx 50 index, the S&P 500 index and the Topix 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 8% if each index closes at or above the 75% coupon barrier level on the determination date for that quarter.

If each index closes at or above the initial price on any quarterly determination date after one year other than the final date, the notes will be redeemed at par of $10 plus the contingent payment.

The payout at maturity will be par plus the contingent payment if each index finishes at or above the 75% coupon barrier level.

If any index falls below the coupon barrier but each index finishes at or above the 60% trigger level, the payout at maturity will be par.

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

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

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 90273L138.

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