UBS to price 11.5%-13.5% yield optimization notes linked to Intel

By E. Janene Geiss

Philadelphia, March 13 - UBS AG plans to price yield optimization notes with contingent protection due Sept. 30, 2008 linked to the common stock of Intel Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 11.5% to 13.5% per year, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Intel share on the pricing date, which will be March 25. Settlement will occur on March 31.

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

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

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