UBS plans trigger phoenix autocallables linked to iShares Russell 2000

By Susanna Moon

Chicago, Sept. 10 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Sept. 20, 2017 linked to the iShares Russell 2000 index fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above the 65% trigger level on a monthly observation date, the notes will pay a contingent coupon at an annualized rate of 6.5% to 8.5% for that month.

If the shares close at or above the initial price on a monthly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

The exact deal terms will be set at pricing.

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

The notes are expected to price on Sept. 14 and settle on Sept. 19.

The Cusip number is 90269V413.

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