UBS plans return enhanced notes linked to Chinese renminbi

By Jennifer Chiou

New York, Feb. 6 - UBS AG, Jersey Branch plans to price 0% return enhanced notes due Feb. 20, 2014 linked to the offshore Chinese renminbi relative to the dollar, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 4.8 times any gain in the currency.

Investors will be exposed to any losses.

The notes (Cusip: 90261JLD3) are expected to price on Feb. 8 and settle on Feb. 13.

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

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