UBS plans contingent income autocallables linked to three indexes

By Jennifer Chiou

New York, Oct. 15 - UBS AG, London Branch plans to price contingent income autocallable securities due Oct. 22, 2020 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the Topix index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annual rate of 10% if each index closes at or above its coupon barrier level, 75% of its initial index level, on a review date for that quarter.

The notes will be called at par of $10 plus the contingent payment if each index closes at or above its respective initial level on any of the first 27 quarterly determination dates.

The payout at maturity will be par plus the final contingent payment unless any index finishes below its downside threshold level, 50% of its initial level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes (Cusip: 90270KAL3) are expected to price on Oct. 18 and settle on Oct. 23.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

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