UBS to price 0% principal protection notes linked to basket of four Asian currencies

By Jennifer Chiou

New York, Jan. 2 - UBS AG plans to price zero-coupon 100% principal protection notes due Jan. 29, 2010 linked to a currency basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Indonesian rupiah, the Indian rupee, the Chinese renminbi and the Philippine peso, all against the dollar.

At maturity, investors will receive par plus any positive return on the basket times a participation rate that will be between 145% and 195%. The participation rate will be set at pricing.

Investors will receive at least par.

The notes are expected to settle on Jan. 31.

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

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