New Issue: UBS prices €100 million 0.5% notes exchangeable for Royal Dutch

New York, Oct. 24 - UBS AG Jersey Branch priced a €100 million of 0.5% senior unsecured notes due 2007 exchangeable into Royal Dutch Petroleum Co.

The notes were issued under Regulation S in the U.S.

Issuer:	UBS AG Jersey Branch
Amount:	€100 million
Maturity:	Oct. 30, 2007
Coupon:	0.5% paid annually
Price:	Par
Exchange premium:	22% over reference price of €42.82
Exchange ratio:	19.1424 shares of Royal Dutch Petroleum Co.
Exchange price:	€52.24
Call:	Oct. 30, 2003 onwards, subject to 150% hurdle
Ratings:	Moody's: Aa2
	S&P: AA+
Lead manager:	UBS Warburg
Pricing date:	Oct. 23
Settlement:	Oct. 30

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