UBS plans trigger phoenix autocallables on Euro Stoxx 50, MSCI EM

By Marisa Wong

Madison, Wis., Sept. 24 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 2, 2023 linked to the worst performing of the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its coupon barrier level, 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annual rate of 7.5% to 8%.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date after one year.

If the notes are not called, the payout at maturity will be par unless either index finishes below its trigger level, 50% of its initial level, in which case investors will be exposed to any losses of the worst performing index.

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

The notes will price on Sept. 26 and settle on Sept. 30.

The Cusip number is 90271M468.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.