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UBS plans five-year performance securities linked to S&P 500 index
By Susanna Moon
Chicago, Oct. 1 - UBS AG, Jersey Branch plans to price 0% performance securities with contingent protection due Oct. 30, 2015 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% to 125% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any decline beyond 50%.
The notes (Cusip 90267F162) are expected to price on Oct. 26 and settle on Oct. 29.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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