UBS plans autocallable optimization securities linked to Russell 2000

By Susanna Moon

Chicago, Oct. 29 - UBS AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Nov. 9, 2015 based on the performance of Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call premium of 9.5% to 11.5%. The exact percentage will be set at pricing.

The payout at maturity will be par if the index finishes at or above 50% of the initial share price. Otherwise, investors will be exposed to any losses.

The notes (Cusip: 90267F220) are expected to price on Nov. 5 and settle on Nov. 10.

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

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