UBS to price trigger phoenix autocallables linked to Whole Foods

By Jennifer Chiou

New York, June 25 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due June 28, 2019 linked to the common stock of Whole Foods Market, Inc., according to an FWP with the Securities and Exchange Commission.

If Whole Foods stock closes at or above the trigger price – 72% to 76% of the initial share price – on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 8% per year. Otherwise, no coupon will be paid that month. The trigger level will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if Whole Foods shares close at or above the initial price on any monthly observation date.

If the notes are not called and Whole Foods shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

The notes (Cusip: 90273E209) are expected to price on June 26 and settle on June 30.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

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