UBS changes dates of trigger yield optimization notes linked to rand

By Angela McDaniels

Tacoma, Wash., March 9 - UBS AG, Jersey Branch changed the dates of its upcoming trigger yield optimization notes linked to the performance of the South African rand relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The notes will price March 16, settle March 21 and mature June 21, 2012. Previously, they were expected to price March 9, settle March 14 and mature June 14, 2012.

The three-month notes will carry a coupon of 5% to 6% per year. The exact coupon will be set at pricing. Interest will be payable at maturity.

The payout at maturity will be par of $10 if the final spot rate is at least 92% of the initial spot rate. The spot rate will increase if the rand appreciates relative to the dollar.

If the final spot rate is less than 92% of the initial spot rate, investors will lose 1% for every 1% that the rand depreciates relative to the dollar.

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

The Cusip number is 902669415.

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