UBS plans contingent income autocallables linked to three indexes

By Marisa Wong

Madison, Wis., Aug. 6 – UBS AG, London Branch plans to price contingent income autocallable securities due Aug. 27, 2019 linked to the Euro Stoxx 50 index, the Russell 2000 index and the Topix index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above the 69% coupon barrier level on the determination date for that quarter.

If each index closes at or above 95% of its initial level on any of the first 19 quarterly determination dates, the notes will be redeemed at par of $10 plus the contingent payment.

The payout at maturity will be par plus the contingent payment if each index finishes at or above the 69% downside threshold level.

If any index falls below the downside threshold level, 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 Aug. 22 and settle on Aug. 27.

The Cusip number is 90273L146.

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