UBS plans 10.4%-12.4% trigger yield optimization notes on Weatherford

By Toni Weeks

San Diego, Sept. 12 - UBS AG, London Branch plans to price 10.4% to 12.4% trigger yield optimization notes due Sept. 20, 2013 linked to the common stock of Weatherford International Ltd., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial share price of Weatherford stock.

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

The notes (Cusip: 90267H762) are expected to price Sept. 16 and settle Sept. 21.

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

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