UBS plans contingent income autocallable notes linked to Weyerhaeuser

By Toni Weeks

San Luis Obispo, Calif., Dec. 6 - UBS AG, London Branch plans to price contingent income autocallable securities due Dec. 16, 2016 linked to Weyerhaeuser Co. shares, according to an FWP with the Securities and Exchange Commission.

If Weyerhaeuser stock closes at or above the 80% downside threshold level on any quarterly determination date, the notes will pay a contingent coupon at an annual rate of 10% for that quarter.

If Weyerhaeuser shares close at or above the initial price on any of the first 11 quarterly determination dates, the notes will be redeemed at par of $10 plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the contingent payment unless the stock closes below the downside threshold level, in which case the payout will be a number of Weyerhaeuser shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.

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

The notes will price Dec. 13 and settle Dec. 18.

The Cusip number is 90271R707.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.