New issue: UBS prices $215,000 17.57% reverse convertibles linked to Ford stock

By Jennifer Chiou

New York, Aug. 9 - UBS AG, London Branch priced $215,000 of 17.57% annualized reverse convertible securities due Feb. 14, 2012 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Ford shares fall below the trigger price - 75% 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 91.659 Ford shares per $1,000 of notes.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$215,000
Maturity:	Feb. 14, 2012
Coupon:	17.57%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford shares fall below the trigger price of $11.45 and finish below the initial price, in which case 91.659 shares of Ford stock
Initial price:	$10.91
Trigger price:	$8.18, 75% of initial price
Pricing date:	Aug. 9
Settlement date:	Aug. 12
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.65%
Cusip:	902674FE5

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