UBS plans three-year contingent income autocallables linked to Disney

By Susanna Moon

Chicago, Feb. 12 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 22, 2019 linked to the Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.7% if the stock closes at or above its coupon barrier level, 75% of its initial index 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 index level on any of the first 11 determination dates.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below its 75% downside threshold level, in which case investors will be fully exposed to any losses.

UBS Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.

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

The Cusip number is 90275L706.

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