UBS to price 0% principal-protected notes linked to five indexes

By Jennifer Chiou

New York, May 15 - UBS AG plans to sell an issue of 0% principal-protected notes due May 21, 2010 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying basket includes the Dow Jones Euro Stoxx 50 with a 30% weight, the S&P 500 with a 20% weight, the Nikkei 225 with a 20% weight, the FTSE 100 with a 20% weight and the MSCI Emerging Markets with a 10% weight.

At maturity, if the return on the indexes is positive, investors will receive par plus a participation rate between 90.25% and 99.75% multiplied by the return. The participation rate will be determined on May 15, the trade date. Otherwise investors will receive par.

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

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