UBS plans market plus notes linked to Turkish lira relative to dollar

By Toni Weeks

San Diego, Sept. 10 - UBS AG, Jersey Branch plans to price 0% market plus notes due Sept. 26, 2013 linked to the Turkish lira relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

If the final spot rate is at least 85% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 6.45%.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

The notes (Cusip: 90261JKU6) will price Sept. 14 and settle Sept. 19.

UBS Investment Bank is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

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