UBS plans 6%-7.4% airbag autocallable yield notes linked to Aetna

By Susanna Moon

Chicago, Oct. 20 – UBS AG plans to price 6% to 7.4% airbag autocallable yield notes due Nov. 1, 2017 linked to Aetna Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Aetna shares equal to $1,000 divided by the conversion price. The conversion price will be 90% of the initial share price.

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

The notes will price on Oct. 21 and settle on Oct. 26.

The Cusip number is 90275Y674.

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