New Issue: UBS prices $99,997 of 10.5% trigger yield optimization notes tied to Applied Materials

By Jennifer Chiou

New York, July 20 - UBS AG, London Branch priced $99,997 of 10.5% trigger yield optimization notes due July 25, 2012 linked to Applied Materials Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note is equal to $12.69, which is the initial price of Applied Materials stock.

The payout at maturity will be par unless the final price of Applied Materials stock is less than 82.13% of the initial share price, in which case investors will receive one Applied Materials share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Applied Materials Inc. (Symbol: AMAT)
Amount:	$99,997.20
Maturity:	July 25, 2012
Coupon:	10.5%, payable monthly
Price:	Par of $12.69
Payout at maturity:	If final share price is less than trigger price, one Applied Materials share; otherwise, par
Initial share price:	$12.69
Trigger price:	$10.42, 82.13% of initial price
Pricing date:	July 20
Settlement date:	July 25
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90267X494

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