UBS plans trigger phoenix autocallable notes tied to Cisco Systems

By Marisa Wong

Madison, Wis., April 15 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due April 29, 2019 linked to the common shares of Cisco Systems, Inc., according to an FWP filing with the Securities and Exchange Commission.

If Cisco Systems shares close at or above the trigger price - 71% to 76% of the initial price - on a monthly observation date, the issuer will pay a contingent coupon for that month at a rate of 7% per year. Otherwise, no coupon will be paid that month.

If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and Cisco Systems shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the price decline from the initial price.

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

The notes will price on April 21 and settle on April 24.

The Cusip number is 90272V855.

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