UBS to price 8%-10% yield optimization notes linked to China Mobile

By E. Janene Geiss

Philadelphia, Sept. 3 - UBS AG plans to price 8% to 10% yield optimization notes with contingent protection due Sept. 21, 2011 linked to the American Depositary Shares of China Mobile Ltd., according to an FWP filing with the Securities and Exchange Commission.

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

Each note will have a face amount that is equal to the closing price of China Mobile shares on the pricing date.

If the final share price of China Mobile stock is less than 75% of the initial share price, the payout at maturity will be one China Mobile share per note. Otherwise, the payout will be par.

The notes are expected to price on Sept. 15 and settle on Sept. 18.

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

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