New Issue: UBS prices $0.14 million 17.5% reverse convertibles linked to First Solar

New York, Jan. 28 - UBS AG priced $0.141 million of 17.5% reverse convertible notes due April 30, 2010 linked to First Solar, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless First Solar shares fall below the protection price of $92.10, 80% of the initial price of $115.13, during the life of the notes and finish below the initial price in which case the payout will be 8.6858 shares of First Solar stock.

UBS Securities LLC is the agent.

Issuer:	UBS AG
Issue:	Reverse convertible notes
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$0.141 million
Maturity:	April 30, 2010
Coupon:	17.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares fall below the protection price of $92.10, 80% of the initial price, and finish below the initial price, in which case 8.6858 shares of First Solar stock
Initial price:	$115.13
Protection price:	$92.10, 80% of $115.13
Exchange ratio:	8.6858
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	UBS Securities LLC
Fees:	1%

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