UBS plans three-year contingent income autocallables on Blackstone

By Susanna Moon

Chicago, June 19 – UBS AG, London Branch plans to price contingent income autocallable securities due June 29, 2018 linked to Blackstone Group LP shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.2% if the shares close at or above the 80% barrier level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes 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 80% barrier level, in which case investors will receive a number of Blackstone shares equal to $10 divided by the initial price or, at the issuer’s option, the cash equivalent.

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

The notes will price on June 26 and settle on July 1.

The Cusip number is 90275C102.

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