UBS plans one-year trigger phoenix autocallables on Foster Wheeler

By Susanna Moon

Chicago, Nov. 13 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due Nov. 21, 2013 linked to Foster Wheeler AG. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Foster Wheeler stock closes at or above the trigger price - 70% of the initial share price - on a quarterly observation date, the issuer will pay a contingent coupon at an annualized rate of 10% to 13% for that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Foster Wheeler shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to losses.

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

The notes will price on Nov. 16 and settle on Nov. 21.

The Cusip number is 90269V843.

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