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UBS plans 18-month performance notes tied to three currencies vs. yen
By Susanna Moon
Chicago, May 17 - UBS AG, Jersey Branch plans to price 0% performance securities due Nov. 30, 2012 linked to a basket of equally weighted currencies relative to the Japanese yen, according to an FWP with the Securities and Exchange Commission.
The underlying currencies are the Norwegian krone, the Polish zloty and the Swedish krona.
The payout at maturity will be 1.8 times to 2.0 times any basket gain, up to a maximum return of 100%. The exact participation rate will be set at pricing.
Investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on May 25 and settle on May 31.
The Cusip is 902669365.
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