UBS plans one-year market plus notes with 90% barrier on rupee vs. yen

By Susanna Moon

Chicago, May 29 - UBS AG, London Branch plans to price 0% market plus notes due June 13, 2014 linked to the Indian rupee relative to the Japanese yen, according to an FWP filing with the Securities and Exchange Commission.

If the currency finishes at or above the 90% barrier level, the payout at maturity will be par plus the greater of any currency gain and the contingent minimum return of 11.5%.

Otherwise, investors will be exposed to any losses.

UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

The notes will price on May 31 and settle on June 5.

The Cusip number is 90261JLG6.

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