UBS plans contingent income autocallables linked to MasterCard, Visa

By Angela McDaniels

Tacoma, Wash., Jan. 10 – UBS AG, London Branch plans to price contingent income autocallable securities due Jan. 24, 2020 linked to the common stocks of MasterCard Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its downside threshold level, 70% of its initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at a rate of 9.15% per year.

The notes will be called at par of $10 if each stock closes at or above its initial share price on any quarterly determination date other than the final determination date.

If each stock finishes at or above its downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing stock declines from its initial share price.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes are expected to price Jan. 18.

The Cusip number is 90281B882.

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