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UBS plans to price performance securities linked to copper
By Angela McDaniels
Tacoma, Wash., Oct. 7 - UBS AG plans to price 0% performance securities due Oct. 23, 2014 linked to the price of copper, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 150% to 175% of any increase in the price of copper, with the exact participation rate to be set at pricing. Investors will be fully exposed to any decline in the price of copper.
The notes are expected to price Oct. 16 and settle Oct. 23.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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