UBS plans contingent income autocallable notes linked to three indexes

By Susanna Moon

Chicago, Oct. 24 - UBS AG, London Branch plans to price contingent income autocallable securities due Nov. 5, 2020 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the Topix index, according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if each index closes at or above its coupon barrier level, 75% of its initial index level, on a determination date for that quarter.

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

If each index finishes at or above its 50% downside threshold level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

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

The notes will price on Oct. 31 and settle on Nov. 5.

The Cusip number is 90271R202.

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