New Issue: UBS prices $431,000 12% reverse convertibles linked to Ford Motor

New York, Sept. 28 - UBS AG priced $431,000 of 12% reverse convertible notes due March 31, 2011 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $9.98, 80% of the initial price of $12.48, during the life of the notes and finish below the initial price in which case the payout will be 80.12821 shares of Ford Motor stock.

UBS Securities LLC is the agent.

Issuer:	UBS AG
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$431,000
Maturity:	March 31, 2011
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price of $9.98, 80% of the initial price, and finish below the initial price, in which case 80.12821 shares of Ford Motor stock
Initial price:	$12.48
Protection price:	$9.98, 80% of $12.48
Exchange ratio:	80.12821
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	UBS Securities LLC
Fees:	1%

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