UBS plans trigger phoenix autocallables on Market Vectors Gold Miners

By Susanna Moon

Chicago, Oct. 17 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due Oct. 25, 2017 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above the 65% trigger level on any monthly observation date, the notes will pay a contingent coupon of 6.5% to 8.5% for that month. The exact monthly contingent coupon will be set at pricing.

If the fund closes at or above the initial price on any monthly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Oct. 19 and settle on Oct. 25.

The Cusip number is 90269V678.

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