UBS to price 10.6%-12.6% yield optimization notes linked to XTO Energy

By Jennifer Chiou

New York, Sept. 3 - UBS AG plans to price yield optimization notes with contingent protection due Sept. 11, 2009 linked to the common stock of XTO Energy Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry an annualized coupon of 10.6% to 12.6%, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will equal the price of one XTO Energy share on the pricing date.

The payout at maturity will be par unless XTO Energy stock falls by more than 30% during the life of the notes, in which case the payout will be one share of XTO Energy per note.

The notes are expected to price on Sept. 5 and settle on Sept. 10.

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

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