UBS plans one-year buffered return enhanced notes linked to gold

By Marisa Wong

Madison, Wis., Feb. 15 - UBS AG, Jersey Branch plans to price 0% buffered return enhanced notes due Feb. 28, 2013 linked to gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.33 times any gain in the price of gold, up to a maximum return of 13.3%.

Investors will receive par if the price of gold drops by up to 10%. Declines beyond the buffer will be multiplied by a downside factor of 1/0.9.

UBS Investment Bank is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes (Cusip: 902661JJA2) will price on Feb. 17 and settle on Feb. 23.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.