UBS to price trigger autocallable securities tied to iShares Russell

By Toni Weeks

San Diego, Oct. 17 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Oct. 27, 2016 linked to the iShares Russell 2000 index fund, according to an FWP with the Securities and Exchange Commission.

If the closing share price is greater than the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 10.8% to 13.3%.

If the notes are not called and the final price is greater than or equal to 40% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 90267N348) are expected to price on Oct. 21 and settle Oct. 26.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

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