UBS plans 9.25%-11.25% yield optimization notes linked to Freeport-McMoRan

By Angela McDaniels

Tacoma, Wash., June 7 - UBS AG, London Branch plans to price 9.25% to 11.25% yield optimization notes with contingent protection due June 21, 2012 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to an FWP filing with the Securities and Exchange Commission.

The face amount of each note will be equal to the initial share price of Freeport-McMoRan stock.

Interest will be payable monthly.

If the final price of Freeport-McMoRan stock is less than 70% of the initial share price, the payout at maturity will be one Freeport-McMoRan share per note. Otherwise, the payout will be par.

The notes are expected to price June 16 and settle June 21.

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

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