UBS to price 10% reverse convertibles linked to Potash Corp. stock

By Jennifer Chiou

New York, May 6 - UBS AG, London Branch plans to price 10% reverse convertible notes due May 31, 2011 linked to Potash Corp. of Saskatchewan shares, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Potash Corp. stock falls below the trigger price - 80% of its initial share price - during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Potash Corp. shares equal to $1,000 divided by the initial share price.

The notes are expected to price on May 25 and settle on May 28.

UBS Securities LLC and UBS Investment Bank are the underwriters.

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