UBS plans 9.75%-12.25% trigger yield optimization notes linked to Hess

By Susanna Moon

Chicago, Oct. 11 - UBS AG, London Branch plans to price 9.75% to 12.25% trigger yield optimization notes due Oct. 21, 2013 linked to Hess Corp. shares, according to an FWP filing 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 Hess.

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

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

The notes will price on Oct. 14 and settle on Oct. 19.

The Cusip number is 90268F872.

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