UBS to price performance securities linked to UBS V10 Currency index

By Angela McDaniels

Tacoma, Wash., Sept. 30 - UBS AG, Jersey Branch plans to price 0% performance securities due Oct. 29, 2013 linked to the UBS V10 Currency Index with Volatility Cap, according to an FWP filing with the Securities and Exchange Commission.

The notes will price at 102.5.

The payout at maturity will be par of $10 plus 110% to 120% of any index gain, with the exact participation rate to be set at pricing. Investors will be exposed to any index decline.

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

The notes (Cusip 902669217) 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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