New Issue: UBS prices $2.3 million contingent income autocallables linked to three indexes

By Angela McDaniels

Tacoma, Wash., April 6 – UBS AG, London Branch priced $2.3 million of contingent income autocallable securities due April 3, 2020 linked to the worst performing of the Euro Stoxx Banks index, the Topix index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of 2.5%, or 10% per year, if each index closes at or above its 80% barrier level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its call threshold level, 95% of its initial level, on any determination date other than the final date.

The payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to the decline of the worst-performing index.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying indexes:	Euro Stoxx Banks, MSCI Emerging Markets and Topix
Amount:	$2.3 million
Maturity:	April 3, 2020
Coupon:	10% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below barrier level, in which case exposure to decline of worst-performing index
Call:	At par plus contingent payment if each index closes at or above call threshold level on any quarterly determination date other than final date
Initial levels:	157.65 for Euro Stoxx Banks, 974.57 for MSCI Emerging Markets and 1,543.11 for Topix
Call thresholds:	149.77 for Euro Stoxx Banks, 925.84 for MSCI Emerging Markets and 1,465.95 for Topix; 95% of initial levels
Barrier levels:	126.12 for Euro Stoxx Banks, 779.66 for MSCI Emerging Markets and 1,234.49 for Topix; 80% of initial levels
Pricing date:	March 31
Settlement date:	April 7
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	90274P716

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