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UBS plans six-month 7.75%-11.75% single observation ELKS on Anadarko
By Marisa Wong
Madison, Wis., Nov. 7 - UBS AG, London Branch plans to price 7.75% to 11.75% annualized single observation Equity LinKed Securities due June 4, 2013 linked to the common shares of Anadarko Petroleum Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact rate will be set at pricing.
The payout at maturity will be par unless Anadarko shares fall to or below 80% of the initial price on the May 30, 2013 valuation date, in which case the payout will be a number of shares of Anadarko stock equal to $10 divided by the initial price.
The notes (Cusip: 90269V819) are expected to price Nov. 29 and settle Dec. 4.
UBS Securities LLC will be the agent.
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