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UBS plans autocallable optimization securities linked to Halliburton
By Jennifer Chiou
New York, April 21 - UBS AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due May 2, 2011 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.
If Halliburton 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 15% to 19% 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 75% of the initial price. Otherwise, investors will receive par plus the share return.
The notes are expected to price on April 27 and settle on April 30.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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