UBS to price 6%-7.9% airbag autocallables linked to Hewlett-Packard

By Angela McDaniels

Tacoma, Wash., Dec. 9 - UBS AG, London Branch plans to price 6% to 7.9% airbag autocallable yield optimization notes due Dec. 19, 2014 linked to the common stock of Hewlett-Packard Co., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if Hewlett-Packard shares close at or above the initial share price on any quarterly observation date.

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 Hewlett-Packard shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

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

The notes will price Dec. 13 and settle Dec. 18.

The Cusip number is 90271R749.

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