UBS plans market plus notes linked to Mexican peso relative to dollar

By Toni Weeks

San Diego, May 14 - UBS AG, Jersey Branch plans to price 0% market plus notes due May 30, 2013 linked to the Mexican peso relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

If the final spot rate is at least 85% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 7.9%.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

The notes (Cusip: 90261JJZ7) are expected to price May 18 and settle May 23.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will be the placement agents.

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