New Issue: UBS sells $1.23 million 9.23% yield optimization notes linked to Applied Materials

By Jennifer Chiou

New York, Dec. 30 - UBS AG priced $1.23 million of 9.23% annualized yield optimization notes with contingent protection due Dec. 30, 2011 linked to the common stock of Applied Materials, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note priced at par of $13.74, which was the closing price of Applied Materials stock at pricing.

Interest is payable monthly.

If Applied Materials stock finishes at or above 80% of the initial price, the payout at maturity will be par. Otherwise, investors will receive one Applied Materials share per note.

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

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Applied Materials, Inc. (Symbol: AMAT)
Amount:	$1,231,035.30
Maturity:	Dec. 30, 2011
Coupon:	9.23%, payable monthly
Price:	Par of $13.74
Payout at maturity:	If Applied Materials shares finish below the trigger price, one Applied Materials share per note; otherwise, par
Initial share price:	$13.74
Trigger price:	$10.99, 80% of initial price
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.75%

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