UBS plans contingent income autocallables linked to three indexes

By Susanna Moon

Chicago, Oct. 9 – UBS AG, London Branch plans to price contingent income autocallable securities due Oct. 29, 2019 linked to the worst performing of the Russell 2000 index, Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if each index closes at or above its 75% coupon barrier level on a determination date for that quarter.

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

If each index finishes above its 75% coupon barrier level, the payout at maturity will be par plus the contingent coupon.

If any index falls below the coupon barrier but each index finishes above its 55% trigger level, the payout will be par.

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

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price on Oct. 24 and settle on Oct. 29.

The Cusip number is 90274B394.

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