UBS to price yield optimization notes linked to Halliburton

By E. Janene Geiss

Philadelphia, March 2 - UBS AG plans to price an offering of yield optimization notes due March 31, 2008 linked to the common stock of Halliburton Co., according to a FWP filing with the Securities and Exchange Commission.

The notes will have a coupon of between 10.5% and 11.5%. Interest will be payable quarterly.

The exact coupon will be determined at pricing, which is expected to be March 26. The notes are expected to settle March 30.

The payout at maturity will be par unless Halliburton stock falls below the trigger price - 75% of the initial share price - during the life of the notes, in which case the payout will be one share of Halliburton stock.

UBS Investment Bank and UBS Financial Services will underwrite the offering and will receive a discount of 2%.

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