New Issue: UBS prices $2.69 million 10.55% yield optimization notes linked to Freeport-McMoRan

By Marisa Wong

Milwaukee, June 18 - UBS AG, London Branch priced $2.69 million of 10.55% yield optimization notes with contingent protection due June 21, 2012 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note priced at par of $67.03, which was the closing price of Freeport-McMoRan stock on the pricing date.

Interest is payable monthly.

If the final price of Freeport-McMoRan stock is greater than or equal to 70% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Freeport-McMoRan share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Amount:	$2,688,439.24
Maturity:	June 21, 2012
Coupon:	10.55%, payable monthly
Price:	Par of $67.03
Payout at maturity:	If Freeport-McMoRan stock finishes below trigger price, one Freeport-McMoRan share per note; otherwise, par
Initial price:	$67.03
Trigger price:	$46.92, 70% of initial price
Pricing date:	June 16
Settlement date:	June 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.75%
Cusip:	90267C441

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