UBS plans trigger step performance notes on currencies relative to yen

By Toni Weeks

San Luis Obispo, Calif., April 9 - UBS AG, Jersey Branch plans to price 0% trigger step performance securities due April 17, 2015 linked to the performance of a basket of currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Australian dollar, the Brazilian real, the Canadian dollar and the U.S. dollar.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of the basket return and a step return of 14% to 15% that will be determined at pricing.

If the basket level declines by 15% or less, the payout will be par.

If the basket level declines by more than 15%, the payout will be par plus the basket return.

The notes (Cusip: 902669571) are expected to price April 12 and settle April 17.

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

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