UBS plans to price 13%-14.35% reverse convertibles linked to Facebook

By Marisa Wong

Madison, Wis., May 24 - UBS AG, London Branch plans to price 13% to 14.35% annualized reverse convertible securities due Nov. 29, 2012 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Facebook shares fall below the trigger price - 75% of the initial share price - during the life of the notes and finish below the initial share price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the initial price.

The notes (Cusip: 902674HV5) will price on May 25 and settle on May 31.

UBS Securities LLC and UBS Investment Bank are the underwriters.

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