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Published on 3/2/2006 in the Prospect News Convertibles Daily.

UBS plans issue of 0% notes linked to Dow Jones Euro Stoxx 50

By Angela McDaniels

Seattle, March 2 - UBS AG plans to sell an issue of 0% notes linked to the Dow Jones Euro Stoxx 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date will be on or around Sept. 28, 2007.

If the index return is positive, payout at maturity will be triple the index return. The payout will be capped at between 26% and 29%, with the exact cap to be determined at pricing.

Investors will be fully exposed to any decline in the level of the index.

UBS Investment Bank and UBS Financial Services Inc. will be underwriters for the offering.


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