UBS plans buffered digital optimization notes tied to three currencies

By Susanna Moon

Chicago, May 18 - UBS AG, Jersey Branch plans to price 0% buffered digital optimization securities due May 30, 2014 linked to a basket of three equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Brazilian real and the Canadian dollar.

If the basket gains, the payout at maturity will be par of $10 plus a digital return of 20% to 23%, with the exact percentage to be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.

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

The notes will price on May 25 and settle on May 31.

The Cusip number is 902669472.

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