UBS to price 0% return optimization notes linked to Rogers commodity index

By Angela McDaniels

Seattle, Nov. 28 - UBS AG plans to price an issue of 0% return optimization securities due June 30, 2008 linked to the Rogers International Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to price on Dec. 20.

The payout at maturity will be par of $10.00 plus triple any positive return on the index. The return will be capped at between 28.5% and 31.5%, with the exact cap to be determined at pricing. Investors will be fully exposed to any decline in the index.

UBS Investment Bank and UBS Financial Services Inc. will underwrite the offering and will receive an underwriting discount of 1.75%.

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