New Issue: UBS sells $13.77 million autocallable optimization notes on Market Vectors Gold ETF

By Susanna Moon

Chicago, Sept. 29 - UBS AG, London Branch priced $13.77 million of 0% autocallable optimization securities with contingent protection due Oct. 3, 2011 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes above its initial share price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 16.25%.

The payout at maturity will be par if the fund finishes at or above 80% of the initial price. Otherwise, investors will receive par plus the share price return.

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

Issuer:	UBS AG, London Branch
Issue:	Autocallable optimization securities with contingent protection
Underlying fund:	Market Vectors Gold Miners ETF
Amount:	$13,774,830
Maturity:	Oct. 3, 2011
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If the fund finishes at or above trigger price, par; otherwise, par plus return
Call:	At par plus annualized call premium of 16.25% if fund closes at or above initial price on any of 12 monthly observation dates
Initial price:	$55.34
Trigger price:	$44.27, or 80% of initial share price
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90267F147

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