UBS plans return optimization securities linked to UBS Bloomberg CMCI

By Angela McDaniels

Tacoma, Wash., Dec. 2 - UBS AG, Jersey Branch plans to price 0% return optimization securities with contingent protection due Dec. 31, 2013 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any index gain, subject to a maximum return of 32.5% to 37.5% that will be set at pricing.

If the index declines by 20% or less, the payout will be par.

If the index declines by more than 20%, investors will be fully exposed to the decline of the index from the initial level.

The notes (Cusip 902669241) are expected to price Dec. 22 and settle Dec. 28.

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

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