New Issue: UBS prices $2.08 million 10.5% yield optimization notes linked to Lincoln National

By Marisa Wong

Milwaukee, June 18 - UBS AG, London Branch priced $2.08 million of 10.5% yield optimization notes with contingent protection due June 21, 2012 linked to the common stock of Lincoln National Corp. according to a 424B2 filing with the Securities and Exchange Commission.

Each note priced at par of $27.74, which was the closing price of Lincoln National stock on the pricing date.

Interest is payable monthly.

If the final price of Lincoln National stock is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Lincoln National 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:	Lincoln National Corp. (NYSE: LNC)
Amount:	$2,076,921.54
Maturity:	June 21, 2012
Coupon:	10.5%, payable monthly
Price:	Par of $27.74
Payout at maturity:	If Lincoln National stock finishes below trigger price, one Lincoln National share per note; otherwise, par
Initial price:	$27.74
Trigger price:	$18.03, 65% of initial price
Pricing date:	June 16
Settlement date:	June 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.75%
Cusip:	90267C433

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