UBS plans contingent income autocallables linked to the Dow, S&P 500

By Susanna Moon

Chicago, Feb. 11 – UBS AG, London Branch plans to price contingent income autocallable securities due March 5, 2019 linked to the lesser performing of the Dow Jones industrial average 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 index closes at or above its coupon barrier level, 75% of its initial index level, on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial index level on any determination date other than the final one.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 75% downside threshold level, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.

The notes will price on Feb. 29 and settle on March 3.

The Cusip number is 90275L680.

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