UBS to price contingent income autocallables linked to three indexes

By Angela McDaniels

Tacoma, Wash., Aug. 19 – UBS AG, London Branch plans to price contingent income autocallable securities due Sept. 3, 2020 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Topix index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8% if each index closes at or above its downside threshold level, 68% of its initial level, on the determination date for that quarter.

Begging after one year, the notes will be automatically called at par of $10 plus the contingent coupon if each index closes at or above its initial index level on any quarterly determination date other than the final one.

If each index finishes at or above its downside threshold level, the payout at maturity will be par plus the final contingent coupon. If the final level of any index is less than its downside threshold level, investors will be fully exposed to the decline of the lowest-performing index.

UBS Securities LLC and Morgan Stanley Wealth Management are the agents.

The notes will price Aug. 28 and settle Sept. 3.

The Cusip number is 90275C797.

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