UBS plans principal protection notes linked to UBS Bloomberg Constant Maturity Commodity

By Laura Lutz

Des Moines, Jan. 2 - UBS AG plans to price zero-coupon 100% principal protection notes due April 30, 2012 linked to the UBS Bloomberg Constant Maturity Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain 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 are expected to price on Jan. 24 and settle on Jan. 31.

UBS Investment Bank is the underwriter.

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