New Issue: UBS prices $1.613 million callable Libor range accrual note

By Angela McDaniels

Seattle, Jan. 26 - UBS AG priced a $1.613 million issue of callable daily range accrual notes due Jan. 31, 2012 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

Interest on the notes is variable and will be paid quarterly. For each day that Libor is greater than zero but no greater than 5.75%, the notes will bear interest at 7.05%. For each day that Libor is greater than 5.75%, the notes will accrue no interest.

The notes are callable at par plus accrued interest on any interest payment date beginning July 31, 2007.

If the notes are not called, the payout at maturity will be par plus accrued interest, if any.

Issuer:	UBS AG
Issue:	Callable daily range accrual notes
Underlying interest rate:	Libor
Amount:	$1.613 million
Maturity:	Jan. 31, 2012
Coupon:	For each day that Libor is 5.75% or less, interest will accrue at 7.05%; no interest will accrue on days that Libor is above 5.75%; interest is payable quarterly
Price:	Par
Callable:	At par plus accrued interest, if any, beginning July 31, 2007
Payout at maturity:	Par plus accrued interest, if any
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Underwriters:	UBS Investment Bank and UBS Financial Services
Underwriting discount:	1.5%

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