UBS to price 9.5% to 11% yield optimization notes linked to Wyeth

By Angela McDaniels

Tacoma, Wash., Dec. 6 - UBS AG plans to price yield optimization notes with contingent protection due Dec. 31, 2008 linked to the common stock of Wyeth, according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 9.5% to 11%, and interest will be payable quarterly. The exact coupon will be determined at pricing.

The principal amount of each note will equal the price of one Wyeth share on the pricing date, which will be Dec. 20. Settlement is expected to occur on Dec. 28.

The payout at maturity will be par unless Wyeth shares close below the trigger price - 75% of the initial share price - at any time during the life of the notes, in which case the payout will be one Wyeth share per note.

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

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