UBS plans three-year contingent income autocallables linked to Terex

By Susanna Moon

Chicago, Oct. 27 – UBS AG, London Branch plans to price contingent income autocallable securities due Nov. 2, 2017 linked to Terex Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 9% if Terex shares close at or above the barrier level, 60% of the initial share price, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if Terex shares close at or above the initial share price on any of the first 11 determination dates.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the barrier level, in which case investors will receive a number of Terex shares equal to $10 divided by the initial share price or, at the issuer’s option, the cash equivalent.

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

The notes will price on Oct. 29 and settle Nov. 3.

The Cusip number is 90274B675.

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