UBS plans to price phoenix autocallable notes tied to Wells Fargo

By Marisa Wong

Morgantown, W.Va., Sept. 21 – UBS AG, London Branch plans to price phoenix autocallable notes due Oct. 12, 2017 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.9% if the stock closes at or above its coupon barrier, 80% of its initial price, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any observation date other than the final one.

The payout at maturity will be par unless the stock finishes below its 80% trigger price, in which case investors will be fully exposed to any losses.

The final share price will be the average of the closing share prices on each of the five averaging dates ending Oct. 6, 2017.

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

The notes will price on Sept. 23.

The Cusip number is 90270KHC6.

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