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UBS plans contingent return optimization securities tied to Russell
By Toni Weeks
San Diego, Dec. 29 - UBS AG, London Branch plans to price 0% contingent return optimization securities due Jan. 31, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least 60% of the initial level, the payout at maturity will be par plus the greater of the 10% contingent return and the index return, subject to a maximum return of 34.5% to 44.5%. The exact maximum return will be determined at pricing.
If the final index level is less than 60% of the initial level, investors will be fully exposed to the decline.
The notes (Cusip: 90267V548) are expected to price Jan. 26 and settle Jan. 31.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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