UBS plans three-month 21.4% reverse convertibles on Las Vegas Sands

By Susanna Moon

Chicago, Dec. 9 - UBS AG, London Branch plans to price 21.4% annualized reverse convertible notes due March 25, 2011 linked to the common stock of Las Vegas Sands Corp., according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless Las Vegas Sands shares fall below the protection price - 75% 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 shares of Las Vegas Sands stock equal to $1,000 divided by the initial price.

The notes (Cusip: 902674DJ6) will price on Dec. 22 and settle on Dec. 28.

UBS Securities LLC and UBS Investment Bank are the agents.

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