UBS plans 0% principal-protected notes linked to UBS Bloomberg Constant Maturity Commodity

By Jennifer Chiou

New York, Aug. 1 - UBS AG plans to price 0% principal-protected notes due Feb. 28, 2011 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The index is a new benchmark index consisting of 28 commodity futures with up to five different investment maturities, weighted to reflect the relative importance of each commodity to the world economy.

For each $10.00 principal amount of securities, the payout at maturity will be par plus any positive return on the index times a participation rate that will be at least 100%. The exact participation rate will be set at pricing.

Investors will receive at least par.

The notes will price on Aug. 31.

UBS Investment Bank will be the underwriter.

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