New Issue: UBS prices $6.74 million notes linked to UBS Bloomberg Constant Maturity Commodity

By Laura Lutz

Des Moines, March 28 - UBS AG priced a $6.74 million issue of 0% performance securities with partial protection due March 30, 2012 linked to the UBS Bloomberg Constant Maturity Commodity 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 any gain on the index.

If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% that the index declines beyond 15%.

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

Issuer:	UBS AG
Issue:	Performance securities with partial protection
Amount:	$6,741,180
Underlying index:	UBS Bloomberg Constant Maturity Commodity index
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least initial level, par plus return on index; par if index loses up to 15%; share in losses beyond 15%
Initial level:	1,400.37
Pricing date:	March 26
Settlement date:	March 31
Underwriters:	UBS Financial Services, Inc.; UBS Investment Bank
Fees:	2.5%

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