UBS to price performance securities linked to European currency basket

By Angela McDaniels

Seattle, July 26 - UBS AG plans to price 0% performance securities due Feb. 3, 2009 linked to a basket of European currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include equal weights of the Czech koruna, Norwegian krone, Polish zloty and Slovak koruna.

The payout at maturity will be par plus 410% of any appreciation in the basket currencies versus the euro. Investors will be fully exposed to any depreciation in the basket currencies versus the euro.

The notes will price on or about July 27.

UBS Investment Bank and UBS Financial Services Inc. will be the underwriters.

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