New Issue: UBS prices $419,966 of 14.87% trigger yield optimization notes linked to Petrobras

By Marisa Wong

Madison, Wis., Sept. 22 - UBS AG, London Branch priced $419,966 of 14.87% annualized trigger yield optimization notes due Dec. 28, 2011 linked to the American Depositary Shares of Petroleo Brasileiro SA, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note is equal to the initial ADS price.

The payout at maturity will be par in cash unless the final ADS price is less than 75% of the initial ADS price, in which case investors will receive one Petrobras ADS per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ADSs:	Petroleo Brasileiro SA (NYSE: PBR)
Amount:	$419,966.28
Maturity:	Dec. 28, 2011
Coupon:	14.87%, payable monthly
Price:	Par of $23.07
Payout at maturity:	If final share price is less than trigger price, one Petrobras ADS; otherwise, par
Initial ADS price:	$23.07
Trigger price:	$17.30, 75% of initial price
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90268D299

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