UBS to price 16.3%-18.3% yield optimization notes linked to Las Vegas Sands

By Angela McDaniels

Tacoma, Wash., Jan. 8 - UBS AG plans to price yield optimization notes with contingent protection due July 18, 2008 linked to the common stock of Las Vegas Sands Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 16.3% to 18.3% per year, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will equal the price of one Las Vegas Sands share on the pricing date, which will be Jan. 15. Settlement will occur on Jan. 18.

The payout at maturity will be par unless Las Vegas Sands stock falls by 40% or more during the life of the notes, in which case the payout will be one share of Las Vegas Sands per note.

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

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