UBS to price principal protection notes linked to U.S. dollar versus three currencies

By Angela McDaniels

Tacoma, Wash., Oct. 7 - UBS AG plans to price zero-coupon 100% principal protection notes due Oct. 31, 2011 linked to the performance of the U.S. dollar versus a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the euro with a 33.34% weight, the Swiss franc with a 33.33% weight and the Canadian dollar with a 33.33% weight.

The payout at maturity will be par of $10 plus 135% to 165% of any appreciation in the U.S. dollar relative to the basket, with the exact participation rate to be set at pricing. If the U.S. dollar remains flat or depreciates, the payout will be par.

The notes will price on Oct. 24 and settle on Oct. 31.

UBS Investment Bank will be the underwriter.

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