UBS plans contingent income autocallables linked to Bank of America

By Susanna Moon

Chicago, Jan. 22 – UBS AG, London Branch plans to price contingent income autocallable securities due Feb. 1, 2019 linked to Bank of America Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.6% if Bank of America shares close at or above the coupon barrier level, 75% of the initial share price, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if Bank of America shares close at or above the initial share price 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 the 75% trigger level, in which case investors will be fully exposed to any losses.

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

The notes will price on Jan. 29 and settle on Feb. 3.

The Cusip number is 90275L474.

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