UBS plans contingent income autocalls linked to Mastercard, Visa

By Sarah Lizee

Olympia, Wash., Feb. 18 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 25, 2022 linked to the common stocks of Mastercard Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing shares close at or above the coupon barrier level, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 7.3%.

The notes will be called at par of $10 plus the contingent coupon if the least performing shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price of the least performing stock is greater than or equal to the 75% downside threshold level, the payout at maturity will be par plus the final contingent coupon, if any. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than the initial share price.

UBS Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on Feb. 19.

The Cusip number is 90281G626.

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