UBS plans trigger contingent coupon notes linked to currency basket

By Marisa Wong

Madison, Wis., Jan. 10 - UBS AG, Jersey Branch plans to price trigger contingent coupon optimization securities due Jan. 29, 2016 linked to a basket of four equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Chinese renminbi, Mexican peso and Russian ruble.

If the basket return is zero or positive on an annual observation date, the notes will pay a contingent coupon of 12% to 14%. The exact rate will be set at pricing.

The payout at maturity will be par plus the contingent payment unless the basket finishes below the 80% trigger level, in which case investors will be fully exposed to losses.

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

The notes will price on Jan. 28 and settle on Jan. 31.

The Cusip number is 902669548.

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