UBS plans trigger phoenix autocallables linked to Lincoln National

By Marisa Wong

Madison, Wis., April 15 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due April 23, 2018 linked to Lincoln National Corp. common shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annualized rate of 8% if the stock closes at or above the coupon barrier, 75% to 79% of the initial share price, on any quarterly observation date.

The notes will be called at par if Lincoln National shares close at or above the initial share price on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below the 75% to 79% trigger level, in which case investors will be fully exposed to any losses.

The exact terms will be set at pricing.

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

The notes are expected to price April 17 and settle April 22.

The Cusip number is 90274T163.

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