UBS plans three-year trigger phoenix autocallables linked to Oracle

By Susanna Moon

Chicago, June 24 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due June 29, 2018 linked to Oracle Corp. common shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annualized rate of 7% if the stock closes at or above the coupon barrier, 76% to 80% of the initial share price, on the observation date for that quarter.

The notes will be called at par if Oracle shares close at or above the initial share price on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below the 76% to 80% trigger level, in which case investors will be fully exposed to any losses.

The exact terms will be set at pricing.

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

The notes will price on June 26 and settle on June 30.

The Cusip number is 90275C169.

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