UBS to price 9.75%-11.5% yield optimization notes linked to Home Depot

By E. Janene Geiss

Philadelphia, June 5 - UBS AG plans to price yield optimization notes with contingent protection due June 30, 2009 linked to the common stock of the Home Depot, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 9.75% to 11.5% per year, with the exact coupon to be set at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Home Depot share on the pricing date, which will be June 24. The settlement date is June 30.

The payout at maturity will be par unless Home Depot stock falls by 30% or more during the life of the notes, in which case the payout will be one Home Depot share per note.

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

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