UBS plans four-year return optimization securities on Financial SPDR

By Susanna Moon

Chicago, Nov. 22 - UBS AG, Jersey Branch plans to price 0% return optimization securities due Nov. 28, 2014 based on the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2.5 times any fund gain, up to a maximum return of $17.20 to $17.80 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 90267F253) are expected to price on Nov. 23 and settle on Nov. 29.

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

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