UBS plans one-year phoenix autocallable notes linked to Splunk

By Susanna Moon

Chicago, April 9 - UBS AG, London Branch plans to price phoenix autocallable notes due April 29, 2015 linked to Splunk Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If Splunk stock closes at or above the barrier level - 65% of the initial share price - on a quarterly observation date, the notes will pay a contingent coupon at an annual rate of 17.26% for that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Splunk shares finish at or above the 65% barrier level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

The notes will price on April 11 and settle on April 16.

The Cusip number is 90270KBM0.

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