UBS plans 8.75%-10.75% trigger yield optimization notes tied to Lennar

By Toni Weeks

San Diego, Sept. 2 - UBS AG, London Branch plans to price 8.75% to 10.75% trigger yield optimization notes due Sept. 13, 2013 linked to the common stock of Lennar Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial share price of Lennar stock.

The payout at maturity will be par in cash unless the final price of Lennar stock is less than 65% of the initial share price, in which case investors will receive one Lennar share per note.

The notes (Cusip: 90267H283) are expected to price Sept. 9 and settle Sept. 14.

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

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