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UBS extends capped optimal entry return enhanced notes on S&P 500
By Susanna Moon
Chicago, Dec. 20 - UBS AG, London Branch plans to price 0% capped optimal entry return enhanced notes due March 26, 2014 linked to the S&P 500 index, according to an amended FWP filing with the Securities and Exchange Commission.
The maturity was pushed out from July 17, 2013 in a previous filing.
As noted before, the lookback level will be the index's lowest closing level during the 60 days beginning at pricing.
If the index finishes above the lookback level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 12.78%.
If the index finishes at the lookback level, the payout will be par.
Otherwise, investors will lose 1% for every 1% beyond the lookback level.
J.P. Morgan Securities LLC and UBS Investment Bank are the placement agents.
The notes will price on Dec. 21 and settle on Dec. 27.
The Cusip number is 902674MA5.
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