UBS plans PLUS linked to SPDR S&P Oil & Gas Exploration & Production

By Angela McDaniels

Tacoma, Wash., Dec. 18 – UBS AG, London Branch plans to price 0% Performance Leveraged Upside Securities due June 24, 2016 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s return is positive, the payout at maturity will be par of $10 plus 200% of the ETF’s return, subject to a maximum return of 25.5%. Investors will be exposed to the losses if the ETF declines.

UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

The notes will price Dec. 21.

The Cusip number is 90275L284.

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