UBS plans trigger phoenix autocallable optimization notes on Starbucks

By Susanna Moon

Chicago, Oct. 23 - UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 31, 2013 linked to Starbucks Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Starbucks stock closes at or above the 75% trigger level on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annualized rate of 8% to 10%. The exact contingent quarterly coupon will be set at pricing.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Starbucks shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 90269V744.

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