New Issue: UBS prices $17.54 million contingent income autocallables linked to three indexes

By Angela McDaniels

Tacoma, Wash., March 4 – UBS AG, London Branch priced $17.54 million of contingent income autocallable securities due March 3, 2022 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent payment at an annual rate of 11% if each index closes at or above its coupon barrier level, 75% of its initial index level, on the determination date for that quarter.

The notes will be redeemed at par of $10 plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final date.

If the notes are not called and each index finishes at or above its downside threshold level, 50% of its initial 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.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying indexes:	Euro Stoxx 50, Russell 2000 and MSCI Emerging Markets
Amount:	$17,544,980
Maturity:	March 3, 2022
Coupon:	11%, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
Price:	Par of $10.00
Payout at maturity:	Par plus final coupon, if applicable, unless any index finishes below downside threshold level, in which case exposure to decline of worst-performing index
Call:	At par plus contingent payment if each index closes at or above initial level on any quarterly determination date other than final date
Initial levels:	3,599.00 for Euro Stoxx 50, 1,233.368 for Russell 2000 and 990.28 for MSCI Emerging Markets
Coupon barrier levels:	2,699.25 for Euro Stoxx 50, 742.71 for Russell 2000 and 925.026 for MSCI Emerging Markets, 75% of initial levels
Downside thresholds:	1,799.50 for Euro Stoxx 50, 494.14 for Russell 200 and 616.684 for MSCI Emerging Markets, 50% of initial levels
Pricing date:	Feb. 27
Settlement date:	March 4
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	90274P187

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