UBS plans to price return optimization securities tied to S&P 500

By Marisa Wong

Madison, Wis., Dec. 3 - UBS AG, London Branch plans to price 0% return optimization securities due Jan. 31, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 11% to 14%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip: 90269W759) are expected to price on Dec. 26 and settle on Dec. 31.

UBS Financial Services Inc. and UBS Investment Bank will be the agents.

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