UBS plans 10%-12.5% airbag yield optimization notes on Wynn Resorts

By Toni Weeks

San Diego, Oct. 21 - UBS AG, London Branch plans to price 10% to 12.5% annualized airbag yield optimization notes due April 30, 2012 linked to the common stock of Wynn Resorts, Ltd., according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless the final price of Wynn Resorts shares is less than the conversion price, in which case the payout will be a number of shares equal to $1,000 divided by the conversion price. The conversion price is 70% of the initial price.

The notes (Cusip: 90267N744) are expected to price on Oct. 27 and settle on Oct. 31.

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

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