UBS to price 6.7%-8.7% airbag autocallables linked to Yahoo!

By Angela McDaniels

Tacoma, Wash., Feb. 5 - UBS AG, London Branch plans to price 6.7% to 8.7% airbag autocallable yield optimization notes due Feb. 13, 2015 linked to the common stock of Yahoo! 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 notes will be called automatically at par if Yahoo! shares close at or above the initial share price on any quarterly observation date.

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 Yahoo! shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

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

The notes will price Feb. 7 and settle Feb. 12.

The Cusip number is 90271T695.

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