UBS plans autocallable optimization securities linked to Ford stock

By Jennifer Chiou

New York, April 9 - UBS AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due April 21, 2011 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If Ford shares close at or above the initial share price on any of the monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 14.5% to 18.5% that will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final share price is at least 65% of the initial price. Otherwise, investors will receive par plus the share return.

The notes are expected to price on April 15 and settle on April 20.

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

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