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UBS plans five-year trigger autocallables tied to iShares Russell 2000
By Susanna Moon
Chicago, Dec. 21 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due Dec. 30, 2016 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the shares close above the initial price on any quarterly observation date after one year, the notes will be called at par of $10 plus an annualized call return of 11.3% to 13.8%. The first observation date is Dec. 31, 2012.
If the notes are not called and the shares finish at or above 50% of the initial share price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price on Dec. 28 and settle on Dec. 30.
The Cusip number is 90267U847.
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