UBS plans 8.5%-12% airbag yield optimization notes linked to GT

By Angela McDaniels

Tacoma, Wash., Oct. 24 - UBS AG, London Branch plans to price airbag yield optimization notes due April 30, 2014 linked to the common stock of GT Advanced Technologies Inc., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay interest at the rate of 8.5% to 12% per year. The exact interest rate will be set at pricing. Interest will be payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of GT Advanced Technologies shares equal to $1,000 divided by the conversion price. The conversion price will be 50% of the initial share price.

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

The notes are expected to price Oct. 29 and settle Oct. 31.

The Cusip number is 90271R194.

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