UBS plans three-year contingent income autocallables on Walgreens

By Tali Rackner

Norfolk, Va., Oct. 14 – UBS AG, London Branch plans to price contingent income autocallable securities due Oct. 24, 2019 linked to the common stock of Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the stock closes at or above its downside threshold level, 80% of its initial level, on the review date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any of the first 11 determination dates.

The payout at maturity will be par unless the shares finish below its 80% downside threshold level, in which case investors will be fully exposed to any losses.

UBS Securities LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.

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

The Cusip number is 90275Y633.

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