New Issue: UBS prices $199,967 12.66% trigger yield optimization notes on Emerson

By Toni Weeks

San Diego, Sept. 23 - UBS AG, London Branch priced $199,967 of 12.66% annualized trigger yield optimization notes due March 28, 2012 linked to the common stock of Emerson Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Emerson stock.

The payout at maturity will be par in cash unless the final price of Emerson stock is less than 75% of the initial share price, in which case investors will receive one Emerson share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Emerson Electric Co. (NYSE: EMR)
Amount:	$199,966.92
Maturity:	March 28, 2012
Coupon:	12.66%, payable monthly
Price:	Par of $42.33
Payout at maturity:	If final share price is less than trigger price, one Emerson share; otherwise, par
Initial share price:	$42.33
Trigger price:	$31.75, 75% of initial price
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90268D596

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