UBS to price contingent income autocallables linked to Amazon.com

By Toni Weeks

San Luis Obispo, Calif., Dec. 12 – UBS AG, London Branch plans to price contingent income autocallable securities due Dec. 22, 2017 linked to the common stock of Amazon.com, Inc., according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annual rate of 9.8% if the shares close at or above the 75% 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 11 determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% downside threshold level, in which case investors will receive a number of Amazon.com units equal to $10 divided by the initial price or, at the issuer’s option, the cash value of those units.

The notes (Cusip: 90274F361) will price on Dec. 19 and settle on Dec. 24.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.

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