UBS amends payout at maturity of notes linked to three currencies

By Angela McDaniels

Tacoma, Wash., April 13 - UBS AG, Jersey Branch changed the payout at maturity of its upcoming market-linked notes due April 30, 2014 linked to the performance of three currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Brazilian real and the Canadian dollar.

A contingent coupon of 3% will be paid on an annual coupon valuation date if the basket return is zero or positive.

If the final basket return is zero or positive, the payout at maturity will be par plus the final contingent coupon of 3% plus 1% for every 1% that the basket return exceeds 9%, if any. Otherwise, the payout will be par.

Before the change, the payout was not based on the final basket return. If the basket return on every annual coupon valuation date was zero or positive, investors would have received at maturity par plus the final contingent coupon of 3% and any positive basket return above 9%. Otherwise, the payout would have been par.

The notes (Cusip: 90261JGW7) are expected to price April 27 and settle April 29.

UBS Securities LLC is the agent.

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