UBS plans contingent income autocallables linked to three indexes

By Susanna Moon

Chicago, Sept. 18 – UBS AG, London Branch plans to price contingent income autocallable securities due Sept. 30, 2021 linked to the worst performing of the MSCI Emerging Markets index, the Russell 2000 index and the Euro Stoxx Banks 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 11% 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 respective initial level on any determination date other than the final date.

If the notes are not called, the payout at maturity will be par plus the final contingent coupon unless any index finishes below its 55% trigger level, in which case 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 Sept. 26 and settle on Oct. 1.

The Cusip number is 90273L773.

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