UBS plans return optimization securities linked to S&P 500

By Jennifer Chiou

New York, June 4 - UBS AG plans to price 0% return optimization securities due on or about Dec. 31, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return that is expected to be 23.5% to 25.5% and will be set at pricing. Investors will share in any losses.

The securities will price on June 25 and settle on June 30.

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

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