New Issue: UBS sells $11.57 million 8.52% single observation ELKS tied to Anadarko

By Marisa Wong

Madison, Wis., Dec. 3 - UBS AG, London Branch priced $11.57 million of 8.52% annualized single observation Equity LinKed Securities due June 4, 2013 linked to the common stock of Anadarko Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par of $10 in cash unless the final price of Anadarko shares is less than or equal to 80% of the initial price, in which case the payout will be a number Anadarko shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Single observation Equity LinKed Securities
Underlying stock:	Anadarko Corp. (NYSE: APC)
Amount:	$11,570,050
Maturity:	June 4, 2013
Coupon:	8.52%, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless final price of Anadarko shares is less than or equal to downside threshold price, in which case 0.13630 Anadarko shares or cash equivalent
Initial share price:	$73.37
Downside threshold price:	$58.70, 80% of initial price
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Underwriter:	UBS Securities LLC
Fees:	1.5%
Cusip:	90269V819

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