UBS to price 8.25%-9.75% yield optimization notes linked to Vodafone

By Jennifer Chiou

New York, June 5 - UBS AG plans to price yield optimization notes with contingent protection due Dec. 18, 2008 linked to the American Depositary Shares of Vodafone Group plc, according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 8.25% to 9.75% per year, with the exact coupon to be set at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Vodafone ADS on the pricing date, which will be June 13. The settlement date is June 18.

The payout at maturity will be par unless Vodafone ADSs fall by 30% or more during the life of the notes, in which case the payout will be one ADS of Vodafone per note.

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

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