UBS to sell 9%-11.25% yield optimization notes linked to CSX

By Susanna Moon

Chicago, Oct. 20 - UBS AG plans to price 9% to 11.25% annualized yield optimization notes with contingent protection due April 30, 2010 linked to the common stock of CSX Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

Each note will have a face amount equal to the closing price of CSX stock at pricing.

The payout at maturity will be par unless the price of CSX stock finishes at less than 75% of the initial price, in which case investors will receive one CSX share per note.

The notes are expected to price on Oct. 28 and settle on Oct. 30.

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

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