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UBS to price market plus notes due 2014 linked to MSCI EAFE index
By Marisa Wong
Madison, Wis., May 1 - UBS AG, London Branch plans to price 0% market plus notes due May 21, 2014 tied to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. If the index falls by up to 13.5%, investors will receive par. Otherwise, investors will be exposed to any losses.
The notes (Cusip: 902674MP2) are expected to price May 3 and settle May 8.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.
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