UBS plans trigger phoenix autocallable securities linked to Kodiak Oil

By Susanna Moon

Chicago, Sept. 10 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 18, 2016 linked to Kodiak Oil & Gas Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 10% if Kodiak Oil stock closes at or above the trigger level – 75% of the initial share price – on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless Kodiak Oil stock finishes below the trigger level, in which case investors will be fully exposed to any losses.

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

The notes will price on Sept. 12 and settle on Sept. 17.

The Cusip number is 90273L674.

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