UBS to price yield optimization notes linked to Lehman Brothers

By Susanna Moon

Chicago, Nov. 9 - UBS AG plans to price yield optimization notes with contingent protection due May 23, 2008 linked to the common stock of Lehman Brothers Holdings Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will have of coupon of 13.75% to 16.25%, with the exact rate to be set at pricing. Interest will be payable in February and at maturity.

If Lehman Brothers stock falls below the trigger price - 50% of the initial share price - during the life of the notes, the payout will be one share per note. If the stock remains at or above the trigger price, the payout will be par.

The issue is expected to price on Nov. 19 and settle on Nov. 23.

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

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