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UBS to price return optimization notes linked to basket of five stocks
By Toni Weeks
San Luis Obispo, Calif., April 4 - UBS AG, London Branch plans to price 0% return optimization securities due May 29, 2015 linked to an equally weighted basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket stocks are Applied Materials, Inc., Autodesk, Inc., Boeing Co., Oracle Corp. and United Rentals, Inc.
If the basket return is positive, the payout at maturity will be par of $10 plus triple the basket return, subject to a maximum return that is expected to be 14% to 17% and will be set at pricing. If the basket return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes are expected to price April 25 and settle April 30.
The Cusip number is 90272V707.
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