UBS to price return optimization securities linked to S&P 500

By E. Janene Geiss

Philadelphia, Feb. 13 - UBS AG plans to price 0% return optimization securities due Feb. 28, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be 110% to 116% and will be set at pricing. Investors are fully exposed to any index decline.

The notes are expected to price Feb. 24 and settle Feb. 27.

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

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