UBS plans uncapped trigger autocallables on SPDR S&P Regional Banking

By Marisa Wong

Madison, Wis., July 6 – UBS AG, London Branch plans to price 0% autocallable uncapped trigger securities due Aug. 3, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above the call threshold level, 120% of the initial level, on the Jan. 31, 2017 call observation date, the notes will be called at a redemption price of $12 per $10 principal amount of notes.

If the notes are not called and the fund return is positive, the payout at maturity will be par plus 1.35 times the fund return.

Investors will receive par if the fund falls by up to 15% and will be fully exposed to losses from the initial level if the fund falls by more than 15%.

UBS Securities LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.

The notes will price on July 31 and settle on Aug. 6.

The Cusip number is 90275C243.

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