UBS plans contingent income autocallable notes on Barrick Gold

By Wendy Van Sickle

Columbus, Ohio, March 24 – UBS AG, London Branch plans to price contingent income autocallable securities due April 4, 2018 linked to the common stock of Barrick Gold Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the shares close at or above the 65% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any of the first three coupon determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.

UBS Securities LLC is the underwriter.

The notes (Cusip: 90280M848) will price on March 31 and settle three business days after pricing.

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