UBS plans to price contingent income autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Sept. 18 – UBS AG, London Branch plans to price contingent income autocallable securities due Oct. 4, 2022 linked to the least performing of the Euro Stoxx 50 index, the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if each index closes at or above its downside threshold level, 75% of its initial level, on the determination date for that quarter.

The notes will be automatically called at par plus the related contingent coupon if each index closes at or above its initial level on any quarterly redemption determination date other than the final determination date.

The payout at maturity will be par unless the final level of any index is less than its downside threshold level, in which case investors will lose 1% for each 1% that the least-performing index declines from its initial level.

UBS Securities LLC and Morgan Stanley Smith Barney LLC are the agents.

The notes will price Sept. 29.

The Cusip number is 90270KMN6.

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