UBS to price performance securities tied to UBS Bloomberg Constant Maturity Commodity index

By Marisa Wong

Milwaukee, June 9 - UBS AG, Jersey Branch plans to price 0% performance securities with contingent protection due June 26, 2015 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 120% to 125% of any basket gain, with the exact participation rate to be set at pricing.

If the basket return is zero to negative 30%, the payout will be par.

If the basket return is less than negative 30%, the payout will be par plus the basket return.

The securities will price on June 18 and settle on June 23.

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

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