New Issue: UBS prices $17.51 million 10.96% trigger yield optimization notes tied to Foster Wheeler

By Susanna Moon

Chicago, July 19 - UBS AG, London Branch priced $17.51 million of 10.96% trigger yield optimization notes due July 20, 2012 linked to Foster Wheeler AG shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is equal to $27.30, which is the initial price of Foster Wheeler stock.

The payout at maturity will be par unless the final price of Foster Wheeler stock is less than 75% of the initial share price, in which case investors will receive one Foster Wheeler share per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Foster Wheeler AG (Symbol: FWLT)
Amount:	$17,508,936.90
Maturity:	July 20, 2012
Coupon:	10.96%, payable monthly
Price:	Par of $27.30
Payout at maturity:	If final share price is less than trigger price, one Foster Wheeler share; otherwise, par
Initial share price:	$27.30
Trigger price:	$20.48, or 75% of initial price
Pricing date:	July 15
Settlement date:	July 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267X767

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