New Issue: UBS prices $636,800 return optimization securities linked to Nikkei 225

By Laura Lutz

Des Moines, Feb. 28 - UBS AG priced a $636,800 issue of 0% return optimization securities due Aug. 31, 2009 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout at maturity will be par plus 500% of any gain on the index, capped at a payout equal to 125.5% of par.

Otherwise, the payout will be par times the index performance.

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

Issuer:	UBS AG
Issue:	Return optimization securities
Underlying index:	Nikkei 225 index
Amount:	$636,800
Maturity:	Aug. 31, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least initial level, par plus 500% of any index gain, capped at payout of 125.5% of par; otherwise, par times index performance
Pricing date:	Feb. 26
Settlement date:	Feb. 29
Underwriters:	UBS Investment Bank; UBS Financial Services Inc.
Fees:	1.75%

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