UBS plans contingent income autocallables linked to three indexes

By Toni Weeks

San Luis Obispo, Calif., Jan. 22 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 4, 2020 linked to the worst performing of the Dow Jones industrial average index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.6% if each index closes at or above its 74% 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 initial level on any determination date other than the final date.

If the notes are note called and each index finishes at or above its 60% trigger level, the payout at maturity will be par plus the contingent coupon, if any.

Otherwise, investors will be fully exposed to the decline of the worst-performing index.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price Jan. 30 and settle Feb. 4.

The Cusip number is 90274F783.

© 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.