UBS plans short leverage securities linked to S&P 500 Total Return

By Susanna Moon

Chicago, May 8 - UBS AG, London Branch plans to price 0% short leverage securities linked to the S&P 500 Total Return index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be putable at any time, and they will be called if the index increases to 135% of the initial level or more.

The payout at maturity or upon redemption will be par minus 200% of the index return plus interest minus the accrued borrow cost and investor fee of 0.55% per year.

The interest amount will be based on Libor.

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

The Cusip number is 90269V439.

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