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UBS plans 8%-9% airbag autocallable yield notes tied to Wells Fargo
By Sarah Lizee
Olympia, Wash., Jan. 9 – UBS AG, London Branch plans to price 8% to 9% airbag autocallable yield notes due Jan. 21, 2020 linked to the common stock of Wells Fargo & Co., 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 automatically at par if the shares close at or above the initial share price on any coupon payment 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 shares equal to $1,000 divided by the conversion price. The conversion price will be 88% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on Jan. 11.
The Cusip number is 90281B874.
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