UBS to price 10%-11.5% yield optimization notes linked to China Mobile

By Susanna Moon

Chicago, April 8 - UBS AG plans to price yield optimization notes with contingent protection due April 30, 2009 linked to the common stock of China Mobile Ltd., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 10% to 11.5% per year, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will be equal to the price of one China Mobile share on the pricing date, which will be April 24. The settlement date is April 30.

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

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

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