UBS plans 7.35%-9.85% airbag yield optimization notes linked to VMware

By Angela McDaniels

Tacoma, Wash., Nov. 15 - UBS AG, London Branch plans to price 7.35% to 9.85% annualized airbag yield optimization notes due May 24, 2012 linked to the common stock of VMware, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of VMware shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

The notes (Cusip: 90267M191) are expected to price Nov. 18 and settle Nov. 23.

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

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