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UBS plans return optimization securities linked to UBS Bloomberg Constant Maturity Commodity index
By Angela McDaniels
Tacoma, Wash., March 31 - UBS AG plans to price 0% return optimization securities with partial protection due Oct. 30, 2009 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be 27.5% to 30% and will be determined at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for each 1% index decline beyond 15%.
The securities will price on April 25 and settle on April 30.
UBS Financial Services and UBS Investment Bank will be the underwriters.
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