UBS plans phoenix autocallable optimization notes linked to Ford Motor

By Susanna Moon

Chicago, Dec. 9 - UBS AG, London Branch plans to price phoenix autocallable optimization securities with contingent protection due Dec. 22, 2011 based on the performance of Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon of 13% to 16% if the stock closes at or above the coupon barrier - 75% of the initial share price - on the observation date for that quarter. Any interest will be payable quarterly.

If Ford's shares close at or above the initial share price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the stock finishes at or above 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be par plus the stock return.

The notes (Cusip 90267F352) will price on Dec. 15 and settle on Dec. 21.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

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