UBS to price 8.25%-10.25% yield optimization notes linked to JPMorgan

By Marisa Wong

Milwaukee, June 22 - UBS AG, London Branch plans to price yield optimization notes with contingent protection due June 29, 2011 linked to the common stock of JPMorgan Chase & Co., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 8.25% to 10.25% and will be set at pricing. Interest will be payable monthly.

If the final price of JPMorgan stock is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one JPMorgan share per note.

The notes will price on June 23 and settle on June 28.

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

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