New Issue: UBS sells $8.34 million protected absolute return barrier notes linked to Russell 2000

By Susanna Moon

Chicago, June 30 - UBS AG priced $8.34 million of zero-coupon 100% principal protection absolute return barrier notes due June 30, 2011 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes above the 40% upper barrier or below the 40% lower barrier during the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the index return.

Investors will receive at least par.

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

Issuer:	UBS AG
Issue:	100% principal protection absolute return barrier notes
Underlying index:	Russell 2000
Amount:	$8,342,890
Maturity:	June 30, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus absolute value of index return if index stays within barrier range during life of notes; floor of par
Initial index level:	513.22
Upper barrier:	718.51, or 40% above initial level
Lower barrier:	307.93, or 40% below initial level
Pricing date:	June 26
Settlement date:	June 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%

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