UBS plans to price contingent income autocallables linked oil index

By Angela McDaniels

Tacoma, Wash., Aug. 4 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 11, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 17% if the index closes at or above the downside threshold level, 80% of the initial index level, on the determination date for that month.

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

If the final index level is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

UBS Securities LLC is the underwriter with distribution through Morgan Stanley Wealth Management.

The notes will price Aug. 7 and settle Aug. 12.

The Cusip number is 90270KFM6.

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