New Issue: UBS prices $1.6 million 11.44% trigger yield optimization notes linked to Cobalt International

New York, Jan. 16 - UBS AG, London Branch priced $1,599,961.38 of 11.44% trigger yield optimization notes due Jan. 22, 2015 linked to the common stock of Cobalt International Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $16.46, which is equal to the initial share price of Cobalt International stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Cobalt International stock is less than 75% of the initial share price, in which case investors will receive one Cobalt International 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:	Cobalt International Energy, Inc. (NYSE: CIE)
Amount:	$1,599,961.38
Maturity:	Jan. 22, 2015
Coupon:	11.44%, payable monthly
Price:	Par of $16.46
Payout at maturity:	If final share price is less than trigger price, one Cobalt International share; otherwise, par
Initial share price:	$16.46
Trigger price:	$12.35, 75% of initial price
Pricing date:	Jan. 16
Settlement date:	Jan. 22
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90269S550

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