UBS plans buffered return optimization notes linked to energy basket

By Susanna Moon

Chicago, July 2 - UBS AG, London Branch plans to price 0% buffered return optimization securities due July 31, 2014 linked to a basket of four equally weighted energy stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Devon Energy Corp., Halliburton Co., Occidental Petroleum Corp. and Southwestern Energy Corp.

The payout at maturity will be par of $10.00 plus double any gain in the basket, up to a maximum return of 25% to 30%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

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

The notes will price on July 26 and settle on July 31.

The Cusip number is 90268U606.

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