UBS plans trigger autocallables linked to SPDR S&P Metals & Mining

By Angela McDaniels

Tacoma, Wash., March 21 - UBS AG, London Branch plans to price 0% trigger autocallable optimization securities due March 31, 2017 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 10% to 13% per year if the ETF's shares close at or above the initial share price on any quarterly observation date. The first observation date will be April 1, 2013. The exact call return will be set at pricing.

If the notes are not called and the ETF's shares finish at or above the trigger price, 45% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the share price decline from the initial price.

The notes (Cusip: 9026M0515) will price March 28 and settle March 30.

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

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