UBS plans return optimization securities linked to MSCI EAFE

By Susanna Moon

Chicago, Dec. 2 - UBS AG plans to price 0% return optimization securities with partial protection due Jan. 4, 2010 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus double any index gain, up to a maximum return of 21% to 25%. The exact cap will be set at pricing.

Investors will receive par for losses up to 10% and will share in any losses beyond 10%.

The notes will price on Dec. 23 and settle on Dec. 31.

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

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