UBS changes coupon for yield optimization notes linked to Monsanto

By Angela McDaniels

Tacoma, Wash., Nov. 10 - UBS AG changed the coupon for its upcoming yield optimization notes with contingent protection due Feb. 19, 2010 linked to the common stock of Monsanto Co., according to an FWP filing with the Securities and Exchange Commission.

The three-month notes are now expected to carry an annualized coupon of 8% to 10.25% instead of 9.25% to 11.75% Interest will be payable at maturity.

Each note will have a face amount equal to the closing price of Monsanto stock at pricing.

The payout at maturity will be par unless the final price of Monsanto stock is less than 80% of the initial price, in which case investors will receive one Monsanto share per note.

The notes are expected to price Nov. 13 and settle Nov. 18.

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

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