UBS plans 8% to 10.5% trigger yield optimization notes on First Solar

By Jennifer Chiou

New York, May 3 - UBS AG, London Branch plans to price 8% to 10.5% trigger yield optimization notes due May 11, 2012 linked to the common stock of First Solar, Inc., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of First Solar stock.

The payout at maturity will be par unless the final price of First Solar stock is less than 75% of the initial share price, in which case investors will receive one First Solar share per note.

The notes (Cusip: 90267G541) are expected to price on May 6 and settle on May 11.

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

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