New Issue: UBS prices $5.24 million contingent return optimization notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 28 - UBS AG, London Branch priced $5.24 million of 0% contingent return optimization securities due July 31, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 75% of the initial index level, the payout at maturity will be par of $10 plus the index return, subject to a minimum return of 10% and a maximum return of 29.15%.

If the final index level is less than 75% of the initial level, investors will be fully exposed to the index decline from the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000
Amount:	$5,236,320
Maturity:	July 31, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is at least 75% of initial index level, par plus index return, subject to minimum return of 10% and maximum return of 29.15%; otherwise, full exposure to index decline
Initial index level:	824.83
Pricing date:	July 26
Settlement date:	July 29
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267X817

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