UBS to price contingent income autocallables linked to three indexes

By Jennifer Chiou

New York, March 3 – UBS AG, London Branch plans to price contingent income autocallable securities due March 17, 2022 linked to the worst performing of the Euro Stoxx 50 index, the Nikkei 225 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its 75% coupon barrier level on the 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 other than the final date.

If the notes are note called and each index finishes at or above its 55% trigger level, the payout at maturity will be par plus the contingent coupon, if any.

Otherwise, investors will be fully exposed to the decline of the worst-performing index.

The notes (Cusip: 90274P393) will price on March 13 and settle on March 18.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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