UBS plans 7.25%-9.75% airbag yield optimization notes tied to Skyworks

By Angela McDaniels

Tacoma, Wash., May 9 - UBS AG, London Branch plans to price 7.25% to 9.75% annualized airbag yield optimization notes due Nov. 19, 2012 linked to the common stock of Skyworks Solutions, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Skyworks shares equal to $1,000 divided by the conversion price. The conversion price will be 75% of the initial share price.

The notes (Cusip: 90268U150) will price May 11 and settle May 17.

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

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