UBS plans yield optimization notes linked to Toll Brothers

By Laura Lutz

Des Moines, April 10 - UBS AG plans to price yield optimization notes with contingent protection due July 31, 2008 linked to the common stock of Toll Brothers, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to bear interest at between 10% and 14% per year.

Interest will be payable quarterly.

Each note will have a principal amount equal to the initial price of Toll Brothers stock.

If Toll Brothers stock falls below the trigger price - 55% of the initial price - during the life of the notes, the payout will be one Toll Brothers share per note. If the stock remains at or above the trigger price, the payout will be par.

The notes are expected to price on April 24 and settle on April 30.

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

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