UBS to price 9%-11% yield optimization notes linked to Wells Fargo

By Marisa Wong

Madison, Wis., July 2 - UBS AG, London Branch plans to price yield optimization notes with contingent protection due July 20, 2012 linked to the common stock of Wells Fargo & Co., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 9% to 11% and will be set at pricing. Interest will be payable monthly.

If the final price of Wells Fargo stock is greater than or equal to 70% of the initial price, the payout at maturity will be par in cash. Otherwise, the payout will be one Wells Fargo share per note.

The notes will price on July 16 and settle on July 21.

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

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