UBS to price trigger autocallable notes on three financial stocks

By Marisa Wong

Morgantown, W.Va., Sept. 20 – UBS AG, London Branch plans to price 0% trigger autocallable contingent yield notes due Sept. 25, 2020 linked to the common stocks of Bank of America Corp., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its coupon barrier, 70% of its initial price, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annual rate of 9.85%.

The notes will be called at par if each stock closes at or above its initial price on any quarterly observation date after six months.

The payout at maturity will be par unless any stock finishes below the 70% downside threshold level, in which case investors will lose 1% for every 1% decline of the worst performing stock.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes will price on Sept. 22.

The Cusip number is 90270KMS5.

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