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UBS plans PLUS with 13.65%-15.65% cap linked to index, fund basket
By Susanna Moon
Chicago, Oct. 15 - UBS AG, London Branch plans to price 0% Performance Leveraged Upside Securities due 2013 linked to a basket of seven exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 40% weight, the Financial Select Sector SPDR fund with a 10% weight, the iShares MSCI EAFE Index fund with a 10% weight, the iShares MSCI Emerging Markets index fund with a 10% weight, iShares Russell 2000 index fund with a 10% weight, the PowerShares DB Commodity Index Tracking fund with a 10% weight and the Technology Select Sector SPDR fund with a 10% weight.
The payout at maturity will be par of $10.00 plus triple any basket gain, up to a maximum payout of $11.365 to $11.565 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
UBS Securities LLC is the agent, with Morgan Stanley Smith Barney LLC as dealer.
The notes will price between Oct. 13 and Oct. 26 and settle three days later.
The Cusip number is 90269V652.
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