New Issue: UBS prices $124,280 trigger autocallable optimization notes tied to Apple

By Angela McDaniels

Tacoma, Wash., Sept. 21 - UBS AG, London Branch priced $124,280 of 0% trigger autocallable optimization securities due Sept. 28, 2012 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 17.41% if Apple stock closes at or above the initial share price on any of 12 monthly observation dates.

If the notes are not called and the final share price is at least 80% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline from the initial share price to the final share price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$124,280
Maturity:	Sept. 28, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If Apple shares finish at or above trigger price, par; otherwise, par plus stock return
Call:	At par plus premium of 17.41% per year if Apple stock closes at or above initial share price on any of 12 monthly observation dates
Initial share price:	$412.14
Trigger price:	$329.71, 80% of initial share price
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90268D208

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