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UBS plans return optimization notes linked to SPDR S&P 500 ETF trust
By Marisa Wong
Madison, Wis., March 17 - UBS AG, London Branch plans to price 0% return optimization securities due April 30, 2015 linked to the SPDR S&P 500 exchange-traded fund trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 9% to 11%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
The notes will price on March 26 and settle on March 31.
The Cusip number is 90272V400.
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