UBS plans contingent income autocallables linked to salesforce.com

By Susanna Moon

Chicago, June 12 – UBS AG, London Branch plans to price contingent income autocallable securities due June 22, 2018 linked to salesforce.com, inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 8.45% per year if salesforce.com stock closes at or above the 75% barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial price on any of the first 11 determination dates.

If the notes are not called and salesforce.com stock finishes at or above the 75% barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of shares of salesforce.com equal to $10 divided by the initial share price or, at the issuer’s option, the cash equivalent.

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

The notes will price on June 19 and settle on June 24.

The Cusip number is 90274T775.

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