UBS plans contingent income autocallables linked to Twitter

By Sarah Lizee

Olympia, Wash., Jan. 22 – UBS AG, London Branch plans to price contingent income autocallable securities due April 28, 2022 linked to the common stock of Twitter, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the shares close at or above the downside threshold level, 60% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 10.25%.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be exposed to the decline of the stock.

UBS Securities LLC and Morgan Stanley Smith Wealth Management are the agents.

The notes are expected to price Jan. 24.

The Cusip number is 90281G337.

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