UBS to price 8.65%-10.65% yield optimization notes linked to Verizon

By Susanna Moon

Chicago, March 19 - UBS AG plans to price yield optimization notes with contingent protection due March 31, 2011 linked to the common stock of Verizon Communications Inc., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 8.65% to 10.65%, payable quarterly, with the exact rate to be set at pricing.

If Verizon stock falls below the trigger price - 75% of the initial share price - on the final valuation date, the payout at maturity will be one Verizon share per note. If Verizon stock remains at or above the trigger price, the payout will be par.

The notes will price on March 27 and settle on March 31.

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

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