UBS to price 7.5%-10% yield optimization notes linked to Caterpillar

By Angela McDaniels

Tacoma, Wash., March 17 - UBS AG, London Branch plans to price 7.5% to 10% yield optimization notes with contingent protection due March 31, 2011 linked to the common stock of Caterpillar Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If the final price of Caterpillar stock is less than 80% of the initial share price, the payout at maturity will be one Caterpillar share per note. Otherwise, the payout will be par.

The notes are expected to price March 29 and settle March 31.

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

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