UBS to price trigger phoenix autocallables tied to two indexes

By Marisa Wong

Morgantown, W.Va., Oct. 15 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 22, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8% to 9% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

Beginning six months after issuance, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called and each index finishes at or above its 70% trigger level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be exposed to the decline of the lesser-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 90275G483.

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