UBS to price 10%-11.5% yield optimization notes linked to Whole Foods

By Angela McDaniels

Tacoma, Wash., March 5 - UBS AG plans to price yield optimization notes with contingent protection due March 31, 2009 linked to the common stock of Whole Foods Market, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 10% to 11.5% per year, with the exact coupon to be determined at pricing. Interest will be payable quarterly.

Par will be equal to the price of one Whole Foods share on the pricing date, which will be March 25. Settlement will occur on March 31.

The payout at maturity will be par unless Whole Foods stock falls by 40% or more during the life of the notes, in which case the payout will be one share of Whole Foods per note.

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

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