UBS plans to price 6.2%-8.2% airbag notes linked to Verifone Systems

By Angela McDaniels

Tacoma, Wash., Jan. 23 - UBS AG, London Branch plans to price 6.2% to 8.2% annualized airbag yield optimization notes due July 31, 2013 linked to the common stock of Verifone Systems, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

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 Verifone shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

The notes are expected to price Jan. 25 and settle Jan. 31.

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

The Cusip number is 90271B355.

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