New Issue: UBS prices $592,000 15.24% reverse convertibles linked to Ford Motor

By Susanna Moon

Chicago, Aug. 15 - UBS AG, London Branch priced $592,000 of 15.24% annualized reverse convertible securities due Nov. 18, 2011 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 a number of Ford shares equal to $1,000 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:	Ford Motor Co. (NYSE: F)
Amount:	$592,000
Maturity:	Nov. 18, 2011
Coupon:	15.24%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford shares fall below the trigger price and finish below the initial price, in which case 88.1057 Ford shares
Initial price:	$11.35
Trigger price:	$8.51, 75% of initial price
Pricing date:	Aug. 15
Settlement date:	Aug. 18
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	902674GJ3

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