UBS to price three-year call warrants linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., April 23 – UBS AG, London Branch plans to price European-style, cash-settled call warrants expiring April 24, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The warrants will have a notional amount of $1,000 each and will be sold for $132 each, or 13.2% of the notional amount. The minimum purchase requirement is 76 warrants.

The warrants will be automatically exercised on the expiration date if the index’s final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero. The cash settlement payment date is April 27, 2018.

The index return must be greater than 13.2% for investors to receive a positive return on their initial investments.

If the index’s final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.

J.P. Morgan Securities LLC and UBS Investment Bank are the agents.

The warrants will price April 24 and settle April 29.

The Cusip number is 90274T205.

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