UBS plans 8%-10% trigger yield optimization notes on Freeport-McMoRan

By Jennifer Chiou

New York, Jan. 25 - UBS AG, London Branch plans to price 8% to 10% trigger yield optimization notes due Jan. 31, 2012 linked to Freeport-McMoRan Copper & Gold, Inc. stock, according to an FWP with the Securities and Exchange Commission.

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

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

The payout at maturity will be par unless the final price of Freeport-McMoRan stock is less than 70% of the initial share price, in which case investors will receive one Freeport-McMoRan share per note.

The notes (Cusip: 90267G632) are expected to price on Jan. 27 and settle on Jan. 31.

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

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