UBS to price trigger autocallables linked to Euro Stoxx 50 index

By Marisa Wong

Madison, Wis., Feb. 21 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Beginning Feb. 28, 2014, the notes will be automatically called at par plus a call return of 9% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 57% to 63% of the initial level, the payout at maturity will be par. The exact trigger level will be set at pricing.

Otherwise, investors will be fully exposed to the index's decline from the initial level.

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

The notes will price Feb. 26 and settle Feb. 28.

The Cusip number is 90271B553.

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