UBS to price yield optimization notes linked to Toll Brothers

By E. Janene Geiss

Philadelphia, Oct. 16 - UBS AG plans to price yield optimization notes with contingent protection due April 23, 2008 linked to the common stock of Toll Brothers, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will have of coupon of 9% to 12%, with the exact rate to be set at pricing. Interest will be payable in two installments - in January and at maturity.

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

The issue is expected to price Oct. 19 and settle Oct. 24.

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

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