UBS to price autocallable optimization securities linked to Anadarko

By Angela McDaniels

Tacoma, Wash., July 28 - UBS AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Aug. 4, 2011 linked to the common stock of Anadarko Petroleum Corp., according to an FWP filing with the Securities and Exchange Commission.

If Anadarko stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called automatically and investors will receive par of $10 plus an annualized call premium of at least 36%. The exact premium will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final share price is greater than or equal to 60% of the initial share price. Otherwise, investors will be fully exposed to the share price decline.

The notes (Cusip: 90267C623) are expected to price July 29 and settle Aug. 3.

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

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