UBS plans 0% notes linked to UBS Diapason Global Biofuel index

By Angela McDaniels

Seattle, Feb. 1 - UBS AG plans to price an offering of zero-coupon principal-protected notes linked to the UBS Diapason Global Biofuel index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature sometime between March and July of 2012. The exact maturity will be determined at pricing, which will occur in February.

The payout at maturity will be par of $10 plus any gain on the index. Investors will receive at least par.

UBS Investment Bank and UBS Financial Services Inc. will underwrite the offering and will receive a discount of 3.5%.

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