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UBS to price 7%-9% yield optimization notes linked to Yahoo!
By Angela McDaniels
Tacoma, Wash., Dec. 9 - UBS AG, London Branch plans to price 7% to 9% yield optimization notes with contingent protection due Dec. 22, 2011 linked to the common stock of Yahoo! Inc., 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 Yahoo! stock.
The payout at maturity will be par unless the final price of Yahoo! stock is less than 80% of the initial share price, in which case investors will receive one Yahoo! share per note.
The notes (Cusip 90267F337) are expected to price Dec. 16 and settle Dec. 22.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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