UBS plans performance securities linked to UBS V10 Currency Index with Volatility Cap

By E. Janene Geiss

Philadelphia, June 29 - UBS AG, Jersey Branch plans to price 0% performance securities due July 31, 2013 linked to the UBS V10 Currency Index with Volatility Cap, according to an FWP filing with the Securities and Exchange Commission.

The index notionally invests in a dynamically adjusted basket consisting of equally weighted positions in foreign-exchange forward contracts on the U.S. dollar relative to the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Japanese yen, Norwegian krone, New Zealand dollar and Swedish krona, each against the U.S. dollar.

If the index return is positive, the payout at maturity will be par plus 103% to 113% of the index return. The exact participation rate will be set at pricing.

If the index return is negative, investors will share in any losses.

The notes are expected to price on July 27 and settle on July 30.

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

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