UBS plans contingent income autocallable notes linked to Stratasys

By Marisa Wong

Madison, Wis., Oct. 7 – UBS AG, London Branch plans to price contingent income autocallable securities due Oct. 16, 2015 linked to Stratasys Ltd. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 9.75% per year if Stratasys stock closes at or above the 65% downside threshold 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 three determination dates.

If the notes are not called and Stratasys stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of shares of Stratasys stock equal to $10 divided by the initial share price or, at the issuer’s option, the cash value of those shares.

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

The notes will price on Oct. 10 and settle on Oct. 16.

The Cusip number is 90274B287.

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