UBS plans buffered autocallables with digital return on SPDR S&P Oil

By Susanna Moon

Chicago, Oct. 20 – UBS AG, London Branch plans to price 0% autocallable buffered notes due in 36 to 39 months linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11.97% to 14.08% if the fund closes at or above its initial level on any annual call date.

If the fund finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,331.50 to $1,390.00 for each $1,000 principal amount.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

UBS Securities LLC is the agent.

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