UBS plans trigger phoenix autocallables linked to Euro Stoxx, S&P 500

By Susanna Moon

Chicago, June 20 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due June 29, 2018 linked to least performing of the Euro Stoxx 50 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its trigger level, 66% to 70% of the initial level, on any quarterly observation date, the notes will pay contingent coupon at an annualized rate of 8% for that quarter.

If each index closes at or above its initial level on any observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless the least performing index finishes below the trigger level, in which case investors will be exposed to any losses.

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

The notes will price on June 26 and settle on June 28.

The Cusip number is 90271L130.

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