UBS plans to price three-year call warrants linked to JPX-Nikkei 400

By Marisa Wong

Morgantown, W.Va., Sept. 16 – UBS AG, London Branch plans to price European-style, cash-settled call warrants expiring Sept. 18, 2018 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.

The warrants will have a notional amount of $1,000 each and will be sold for $148.50 each, or 14.85% of the notional amount. The minimum purchase requirement is 68 warrants.

The warrants will be automatically exercised on the expiration date if the index’s final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero. The cash settlement payment date is Sept. 21, 2018.

The index return must be greater than 14.85% for investors to receive a positive return on their initial investments.

If the index’s final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.

UBS Investment Bank is the underwriter with J.P. Morgan Securities LLC as agent.

The warrants will price Sept. 18 and settle Sept. 23.

The Cusip number is 90275G269.

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