UBS plans issue of 0% partial principal protected notes linked to basket of seven indexes

By Angela McDaniels

Seattle, April 7 - UBS AG plans to price an issue of 0% partial principal protected notes linked to a basket of seven indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Dow Jones Euro Stoxx 50 Index with a 30% weight, the Nikkei 225 Index with a 20% weight and the MSCI Brazil, Swiss Market, FTSE/Xinhua China 25, MSCI Taiwan and MSCI Thailand indexes, each with a 10% weight.

The notes are expected to mature between July 2009 and November 2009. The exact maturity will be determined on April 24, the pricing date.

Payout at maturity will be par plus 110% of any positive return on the indexes. If the basket declines by 20% or less, payout will be par. If the basket declines by more than 20%, investors will lose 1% for each percentage point the basket falls beyond 20%.

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

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