UBS to price yield optimization notes linked to eBay

By Angela McDaniels

Seattle, April 2 - UBS AG plans to price an offering of yield optimization notes with contingent protection due April 30, 2008 linked to the common stock of eBay Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry of coupon of 10% to 11%, and interest will be payable quarterly. The exact coupon will be determined at pricing, which is expected to be April 24.

If eBay stock falls below the trigger price during the life of the notes, the payout will be one eBay share per note. If eBay stock does not fall below the trigger price, the payout will be par.

The trigger price will be 75% of the initial share price.

UBS Securities will be the underwriter.

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