UBS to price return optimization securities linked to gold

By Angela McDaniels

Tacoma, Wash., Aug. 18 - UBS AG plans to price 0% return optimization securities due Aug. 31, 2009 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the price of gold, subject to a maximum return that is expected to be 23% to 26% and will be set at pricing. Investors will be fully exposed to any decline in the price of gold.

The notes are expected to price on Aug. 26 and settle on Aug. 29.

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

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