UBS plans trigger autocallables due 2015 linked to natural gas futures

By Susanna Moon

Chicago, Oct. 9 – UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due April 15, 2015 linked to natural gas futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 14% to 15% per year if the index closes at or above the initial level on any quarterly observation date.

The payout at maturity will be par unless the index finishes below the trigger level, 75% of the initial share price, in which case investors will be fully exposed to any losses. The exact trigger price will be set at pricing.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Oct. 10 and settle on Oct. 16.

The Cusip number is 90274B386.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.