New Issue: UBS prices $200,000 13.56% reverse convertibles linked to First Solar

By Angela McDaniels

Tacoma, Wash., Dec. 13 - UBS AG, London Branch priced $200,000 of reverse convertible notes due March 18, 2014 linked to the common stock of First Solar, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes carry a coupon of 13.56% per year. Interest is payable monthly.

The payout at maturity will be par in cash unless First Solar shares close below the trigger price, 68% of the initial share price, during the life of the notes and finish below the initial share price, in which case the payout will be a number of First Solar shares equal to $1,000 principal amount divided by the initial share price.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Reverse convertible notes
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$200,000
Maturity:	March 18, 2014
Coupon:	13.56%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares close below protection price during life of notes and finish below initial price, in which case 18.5908 First Solar shares
Initial share price:	$53.79
Protection price:	$36.58, or 68% of initial share price
Pricing date:	Dec. 13
Settlement date:	Dec. 18
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	1.75%
Cusip:	90270KAS8

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