UBS to price contingent income autocallable notes on gold ETF

By Sarah Lizee

Olympia, Wash., Oct. 9 – UBS AG, London Branch plans to price contingent income autocallable securities due Jan. 14, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent payment at an annualized rate of 9.15% if the ETF closes at or above the downside threshold level, 70% of the initial price, on the determination for that quarter.

The notes will be called at par plus the contingent coupon if the ETF closes at or above the initial price on any quarterly determination date other than the final determination date.

If the final 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 lose 1% for every 1% that the final price is less than the initial price.

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

The notes will price on Oct. 11.

The Cusip number is 90281E563.

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