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UBS plans contingent absolute return autocallables on Advanced Micro
By Susanna Moon
Chicago, July 16 - UBS AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due July 25, 2014 linked to Advanced Micro Devices, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 14.3% to 17.3% if Advanced Micro Devices stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.
If the notes are not called and the shares finish at or above the 55% trigger level, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on July 19 and settle on July 24.
The Cusip number is 90271L346.
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