UBS plans to price trigger autocallables linked to Time Warner

By Angela McDaniels

Tacoma, Wash., Aug. 10 – UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Aug. 20, 2020 linked to the common stock of Time Warner Inc., according to an FWP filing with the Securities and Exchange Commission.

Beginning a year after issuance, the notes will be called at par of $10 plus a call return of 8% per year if Time Warner shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and Time Warner shares finish at or above the trigger price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price. The trigger price is expected to be 58% to 64% of the initial share price and will be set at pricing.

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

The notes are expected to price Aug. 14 and settle Aug. 19.

The Cusip number is 90275C730.

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