UBS plans contingent absolute return autocallables on Foster Wheeler

By Marisa Wong

Madison, Wis., March 19 - UBS AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due March 31, 2014 linked to Foster Wheeler AG shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.7% to 14.7% if Foster Wheeler stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.

If the notes are not called and the final share price is at or above the 75% trigger level, the payout at maturity will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 90271B801) will price March 26 and settle March 28.

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

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