UBS to sell 10%-13% yield optimization notes linked to State Street

By Susanna Moon

Chicago, Dec. 3 - UBS AG plans to price 10% to 13% annualized yield optimization notes with contingent protection due June 21, 2010 linked to the common stock of State Street Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

Each note will have a face amount equal to the closing price of State Street stock at pricing.

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

The notes are expected to price on Dec. 15 and settle on Dec. 18.

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

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