UBS to price contingent income autocallables linked to three indexes

By Angela McDaniels

Tacoma, Wash., June 24 – UBS AG, London Branch plans to price contingent income autocallable securities due July 6, 2021 linked to the worst performing of the Euro Stoxx 50 index, the Nikkei 225 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 9% if each index closes at or above its coupon barrier level, 75% of its initial level, on the determination date for that quarter.

The notes will be redeemed at par plus the contingent coupon if each index closes at or above its initial level on any of the first 27 quarterly redemption determination dates.

If the notes are not called, the payout at maturity will be par plus the final contingent coupon, if any, unless any index finishes below its downside threshold level, 55% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes are expected to price June 30 and settle July 3.

The Cusip number is 90273E175.

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