UBS to price 13%-15.25% yield optimization notes linked to General Electric

By Susanna Moon

Chicago, Jan. 30 - UBS AG plans to price yield optimization notes with contingent protection due Feb. 11, 2011 linked to the common stock of General Electric Co., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 13% to 15.25%, payable quarterly, with the exact rate to be set at pricing.

If General Electric stock falls below the trigger price - 60% of the initial share price - on the final valuation date, the payout at maturity will be one General Electric share per note. If General Electric stock remains at or above the trigger price, the payout will be par.

The notes will price on Feb. 6 and settle on Feb. 11.

UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.

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