UBS plans trigger phoenix autocallable securities linked to Goldman

By Susanna Moon

Chicago, June 7 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due June 14, 2012 linked to Goldman Sachs Group, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If Goldman Sachs stock closes at or above the trigger price - 80% of the initial share price - on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 9% to 11% per year. Otherwise, no coupon will be paid that quarter.

If the share price is greater than or equal to the initial price on a quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and Goldman Sachs shares finish at or above the trigger price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

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

The notes will price on June 10 and settle on June 15.

The Cusip is 90267X221.

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