UBS plans to sell 11% six-month reverse convertibles linked to Ford

By Susanna Moon

Chicago, March 16 - UBS AG, London Branch plans to price 11% annualized reverse convertible notes due Sept. 20, 2010 based on the performance of Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ford shares fall below the protection price - 80% of the initial price - during the life of the notes and finish below the initial price in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

The notes will price on March 26 and settle on March 31.

UBS Securities LLC and UBS Investment Bank are the agents.

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