UBS plans buffered return optimization notes linked to gold miners ETF

By Angela McDaniels

Tacoma, Wash., March 9 - UBS AG, London Branch plans to price 0% buffered return optimization securities due April 1, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any percentage increase in the ETF's share price, up to a maximum payout of $12.40 to $13.20 per note. The exact cap will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes (Cusip: 9026M0416) will price March 27 and settle March 30.

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

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