UBS to price 14.25%-16.25% yield optimization notes linked to Goldcorp

By E. Janene Geiss

Philadelphia, May 8 - UBS AG plans to price yield optimization notes with contingent protection due Nov. 28, 2008 linked to the common stock of Goldcorp, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 14.25% to 16.25% per year, with the exact coupon to be set at pricing. Interest will be payable in August and at maturity.

Par will be equal to the price of one Goldcorp share on the pricing date, which will be May 22. The settlement date is May 30.

The payout at maturity will be par unless Goldcorp stock falls by 25% or more during the life of the notes, in which case the payout will be one Goldcorp share per note.

UBS Investment Bank is the underwriter.

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