UBS plans trigger autocallable securities linked to iShares Silver

By Toni Weeks

San Luis Obispo, Calif., Feb. 4 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Feb. 22, 2018 linked to the iShares Silver Trust, according to an FWP filing with the Securities and Exchange Commission.

If the closing share price is equal to or 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 8%.

If the notes are not called and the final price is greater than or equal to 63% to 69% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses. The exact trigger price will be set at pricing.

The notes (Cusip: 90271B488) are expected to price Feb. 15 and settle Feb. 21.

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

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