UBS plans autocallable optimization notes on Market Vectors Gold ETF

By Jennifer Chiou

New York, Sept. 24 - UBS AG plans to price 0% autocallable optimization securities with contingent protection due Oct. 3, 2011 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes above its initial share price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 13% to 16% that will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final share price is at least 80% of the initial price. Otherwise, investors will receive par plus the share price return.

The notes (Cusip: 90267F147) are expected to price on Sept. 27 and settle on Sept. 30.

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

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