New Issue: UBS prices $4.32 million trigger autocallables linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Jan. 24 - UBS AG, London Branch priced $4.32 million of 0% trigger autocallable optimization securities due Jan. 26, 2017 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par plus a call return of 10.72% per year if the exchange-traded fund's shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and the shares finish at or above the trigger price, 50% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$4,318,570
Maturity:	Jan. 26, 2017
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if shares finish at or above trigger price; otherwise, full exposure to share price decline
Call:	Beginning Jan. 25, 2013, automatically at par plus 10.72% per year if fund shares close at or above initial share price on any quarterly observation date
Initial share price:	$41.38
Trigger price:	$20.69, 50% of initial share price
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90267W405

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