UBS plans to price performance securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 30 - UBS AG plans to price 0% performance securities with contingent protection due Oct. 31, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 110% to 120% of the index return. The exact participation rate will be set at pricing.

If the index return is between zero and negative 50%, the payout will be par.

If the index return is less than negative 50%, the payout will be par plus the index return.

The notes are expected to price Oct. 27 and settle Oct. 30.

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

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