UBS plans contingent income autocallables linked to Wynn Resorts

By Marisa Wong

Madison, Wis., Nov. 20 – UBS AG, London Branch plans to price contingent income autocallable securities due Nov. 27, 2017 linked to Wynn Resorts, Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annual rate of 8.25% if the shares close at or above its 75% downside threshold level 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 the applicable call threshold level on any of the first 11 determination dates. The call threshold level is 105% of the initial price for the first year and steps up to 110% of the initial price beginning Nov. 23, 2015 and to 115% of the initial price beginning Nov. 21, 2016.

The payout at maturity will be par plus the final coupon unless the shares finish below its 75% downside threshold level, in which case investors will receive a number of Wynn shares equal to $10 divided by the initial price or, at the issuer’s option, the cash value of those shares.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Nov. 21 and settle on Nov. 26.

The Cusip number is 90274F213.

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