New Issue: UBS prices $2.26 million performance securities linked to six indexes

By Jennifer Chiou

New York, March 28 - UBS AG priced $2.26 million of 0% performance securities with partial protection due March 30, 2012 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx 50 index with a 40% weight; the FTSE 100 with a 25% weight, the Nikkei 225 with a 20% weight; and the Swiss Market, S&P/ASX 200 and MSCI Emerging Markets indexes, each with a 5% weight.

If the final basket return is positive, the payout at maturity will be par of $10 plus 109.25% of the final basket return. Investors will receive par for losses up to 15% and will share in losses beyond 15%.

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

Issuer:	UBS AG
Issue:	Performance securities with partial protection
Underlying indexes:	Dow Jones Euro Stoxx 50 (40% weight), FTSE 100 (25% weight), Nikkei 225 (20% weight), Swiss Market (5% weight), S&P/ASX 200 (5% weight) and MSCI Emerging Markets (5% weight)
Amount:	$2,260,900
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 109.25% of any basket gain; par for losses up to 15%; investors share in losses beyond 15%
Pricing date:	March 26
Settlement date:	March 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%

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