UBS plans autocallable optimization securities linked to Rio Tinto

By Jennifer Chiou

New York, Dec. 13 - UBS AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Dec. 22, 2011 linked to the American Depositary Shares of Rio Tinto plc, according to an FWP with the Securities and Exchange Commission.

If Rio Tinto ADSs close at or above the initial price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call premium of 20% to 23%. The exact percentage will be set at pricing.

The payout at maturity will be par if Rio Tinto ADSs finish at or above 75% of the initial price. Otherwise, investors will be exposed to any decline in the price.

The notes (Cusip: 90267F378) are expected to price on Dec. 15 and settle on Dec. 21.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

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