UBS to price 8.75%-11.25% yield optimization notes linked to Hartford

By Angela McDaniels

Tacoma, Wash., Sept. 21 - UBS AG, London Branch plans to price 8.75% to 11.25% yield optimization notes with contingent protection due Sept. 30, 2011 linked to the common stock of Hartford Financial Services Group, Inc., according to an FWP filing with the Securities and Exchange Commission.

The face amount of each note will be equal to the closing price of Hartford stock on the pricing date.

Interest will be payable monthly. The exact coupon will be set at pricing.

If the final price of Hartford stock is greater than or equal to 70% of the initial price, the payout at maturity will be par in cash. Otherwise, the payout will be one Hartford share per note.

The notes (Cusip 90267F113) are expected to price Sept. 28 and settle Sept. 30.

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

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