UBS plans one-year phoenix autocallables linked to Amazon.com

By Marisa Wong

Madison, Wis., May 13 - UBS AG, London Branch plans to price phoenix autocallable securities due June 3, 2015 linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

If Amazon.com shares close at or above the barrier level, 80% of the initial price, on a quarterly review date, the issuer will pay a contingent coupon for that quarter at a rate of 13.5% per year.

If the shares close at or above the initial price on any of the quarterly review dates other than the final averaging dates, the notes will be called at par plus the contingent coupon.

If the notes are not called and the stock finishes at or above the 80% trigger level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to any losses.

The final price will be the average of the closing share prices on the five averaging dates ending May 29, 2015.

UBS Investment Bank is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price on May 16 and settle on May 21.

The Cusip number is 90270KBR9.

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