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UBS to price return optimization securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., June 3 - UBS AG plans to price 0% return optimization securities due Dec. 31, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be 23.5% to 25.5% and will be set at pricing. Investors will be fully exposed to any index decline.
The notes are expected to price on June 25 and settle on June 30.
UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.
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