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UBS plans three-year performance securities linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Oct. 6 - UBS AG, London Branch plans to price 0% performance securities with contingent protection due Oct. 31, 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 103% to 113% of any increase in the index. The exact participation rate will be set at pricing.
If the index return is between zero and negative 30%, the payout will be par.
If the index return is less than negative 30%, the payout will be par plus the index return.
The notes (Cusip 90267F170) are expected to price Oct. 26 and settle Oct. 29.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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