New Issue: UBS prices $6.99 million contingent income autocallables linked to three indexes

By Susanna Moon

Chicago, July 2 – UBS AG, London Branch priced $6.99 million of contingent income autocallable securities due July 2, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 80% coupon barrier level on a determination date for that quarter.

The notes will be redeemed at par plus the contingent coupon if each index closes at or above its respective 95% call threshold levels on any of the first 19 quarterly redemption determination dates.

If the notes are not called, the payout at maturity will be par plus the final contingent coupon unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying indexes:	Euro Stoxx 50, Russell 2000, MSCI Emerging Markets
Amount:	$6,993,000
Maturity:	July 2, 2019
Coupon:	8% per year, payable quarterly if each index closes at or above its coupon barrier level on the determination date for that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above its downside threshold level, par plus the final contingent coupon; otherwise, full exposure to losses of worst-performing index
Call:	At par plus the contingent coupon if each index closes at or above its call threshold level on any of the first 19 quarterly determination dates
Initial index levels:	3,227.85 for Euro Stoxx, 1,189.503 for Russell and 1,046.18 for MSCI EM
Coupon barriers:	2,582.28 for Euro Stoxx, 951.602 for Russell and 836.94 for MSCI EM; 80% of initial levels
Trigger level:	2,259.50 for Euro Stoxx, 832.652 for Russell and 732.33 for MSCI EM; 70% of initial levels
Call threshold levels:	3,066.46 for Euro Stoxx, 1,130.028 for Russell and 993.87 for MSCI EM; 95% of initial levels
Pricing date:	June 27
Settlement date:	July 2
Agent:	UBS Securities LLC with Morgan Stanley Smith Barney LLC as dealer
Fees:	3%
Cusip:	90273E159

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