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UBS to price return optimization securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 30 - UBS AG plans to price 0% return optimization securities due June 2, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus five times any index gain, subject to a maximum return that is expected to be 24% to 28% and will be set at pricing. Investors will be fully exposed to any index decline.
The notes are expected to price May 26 and settle May 29.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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