UBS plans contingent income autocallables linked to two indexes

By Jennifer Chiou

New York, April 9 - UBS AG, London Branch plans to price contingent income autocallable securities due April 16, 2019 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 1.875% if each index closes at or above its 75% coupon barrier level on a quarterly determination date.

The notes will be redeemed at par plus the contingent coupon if each index closes at or above its respective initial level on any quarterly determination date.

The payout at maturity will be par plus the final contingent coupon, unless any index finishes below its 75% downside threshold level, in which case investors will be fully exposed to the decline of the worst-performing index.

The notes (Cusip: 90272V723) are expected to price on April 11 and settle on April 16.

UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.

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