UBS plans return enhanced notes with no cap linked to Chinese renminbi

By Susanna Moon

Chicago, Jan. 23 - UBS AG, Jersey Branch plans to price 0% return enhanced notes due Feb. 6, 2014 linked to the offshore Chinese renminbi relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 4.2 times any gain in the currency.

Investors will be exposed to any losses.

UBS Investment Bank is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price on Jan. 25 and settle on Jan. 30.

The Cusip number is 90261JLC5.

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