UBS to price 6.5%-9% yield optimization notes linked to Johnson & Johnson

By E. Janene Geiss

Philadelphia, Oct. 17 - UBS AG plans to price yield optimization notes with contingent protection due April 30, 2009 linked to the common stock of the Johnson & Johnson, according to an FWP filing with the Securities and Exchange Commission.

The notes will have of coupon of 6.5% to 9%, with the exact rate to be set at pricing. Interest will be payable quarterly.

If Johnson & Johnson stock falls below the trigger price - 75% of the initial share price - during the life of the notes, the payout will be one Johnson & Johnson share per note. If Johnson & Johnson stock remains at or above the trigger price, the payout will be par.

The issue is expected to price on Oct. 27 and settle on Oct. 31.

UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.

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