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UBS plans to price return optimization securities on S&P 500
By Marisa Wong
Milwaukee, March 30 - UBS AG plans to price 0% return optimization securities with contingent protection due April 30, 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 1.5 times any index gain, up to a maximum gain of 37.5% to 42.5%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 30%. If the index falls by more than 30%, investors will lose the full amount of any decline.
The notes will price on April 27 and settle on April 30.
UBS Financial Services Inc. and UBS Securities LLC are the agents.
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