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UBS plans to price optimization securities linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Nov. 2 - UBS AG, London Branch plans to price 0% optimization securities with contingent protection due May 31, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 8%, the payout at maturity will be par of $10 plus the index return, subject to a cap of 19% to 24% that will be set at pricing. If the index return is between 8% and negative 25%, the payout will be par plus 8%. If the index return is less than negative 25%, the payout will be par plus the index return.
The notes (Cusip 90267F238) are expected to price Nov. 24 and settle Nov. 30.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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