UBS plans trigger contingent coupon notes linked to currency basket

By Susanna Moon

Chicago, Nov. 21 - UBS AG, Jersey Branch plans to price trigger contingent coupon optimization securities due Nov. 30, 2015 linked to a basket of four equally weighted currencies relative to the dollar, according to an FWP with the Securities and Exchange Commission.

The underlying currencies are Brazilian real, Chinese renminbi, Mexican peso and Russian ruble.

If the basket closes at or above the 80% barrier level on a monthly observation date, the notes will pay a contingent coupon at an annualized rate of 14% to 17% for that month.

The payout at maturity will be par plus the contingent payment unless the basket finishes below the barrier level, in which case investors will be fully exposed to any losses.

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

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 902669498.

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