UBS to price optimization securities linked to S&P 500 index

By Jennifer Chiou

New York, Dec. 3 - UBS AG, London Branch plans to price 0% optimization securities with contingent return due Dec. 31, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the final index level is at or above the trigger level of 80% of the initial level, the payout at maturity will be the greater of the 10% contingent minimum return and the maximum gain of 18% to 23%. The exact cap will be set at pricing.

If the final index level is below the trigger level, investors will share in any losses.

The notes (Cusip: 90267F311) are expected to price on Dec. 22 and settle on Dec. 28.

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

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