UBS to price 9%-11% yield optimization notes linked to Transocean

By Susanna Moon

Chicago, Oct. 5 - UBS AG plans to price 9% to 11% annualized yield optimization notes with contingent protection due April 21, 2010 linked to the common stock of Transocean Ltd., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly, with the exact percentage to be set at pricing.

The face amount of each note will be equal to the closing price of Transocean stock on the pricing date.

If Transocean stock finishes at or above the trigger price - 75% of the initial price - the payout at maturity will be par.

Otherwise, the payout will be one Transocean share per note.

The notes are expected to price on Oct. 16 and settle on Oct. 21.

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

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