New Issue: UBS prices $99,987 15.67% trigger yield optimization notes linked to Dow Chemical

By Angela McDaniels

Tacoma, Wash., Nov. 29 - UBS AG, London Branch priced $99,987 of 15.67% annualized trigger yield optimization notes due Dec. 4, 2012 linked to the common stock of Dow Chemical Co., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $25.75, which is equal to the initial share price of Dow Chemical stock.

Interest is payable quarterly.

The payout at maturity will be par unless the final price of Dow Chemical stock is less than 80% of the initial share price, in which case investors will receive one Dow Chemical 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:	Dow Chemical Co. (NYSE: DOW)
Amount:	$99,987.25
Maturity:	Dec. 4, 2012
Coupon:	15.67%, payable quarterly
Price:	Par of $25.75
Payout at maturity:	If final share price is less than trigger price, one Dow Chemical share; otherwise, par
Initial share price:	$25.75
Trigger price:	$20.60, 80% of initial price
Pricing date:	Nov. 29
Settlement date:	Dec. 2
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267T535

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