New Issue: UBS prices $100,000 5.5% trigger yield optimization notes linked to Australian dollar

By Toni Weeks

San Diego, April 10 - UBS AG, Jersey Branch priced $100,000 of trigger yield optimization notes due July 12, 2012 linked to the performance of the Australian dollar relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will carry a coupon of 5.5% per year. Interest will be payable at maturity.

The payout at maturity will be par of $10 if the final spot rate is at least 95% of the initial spot rate. The spot rate will increase if the Australian dollar appreciates relative to the dollar.

If the final spot rate is less than 95% of the initial spot rate, investors will lose 1% for every 1% that the Australian dollar depreciates relative to the dollar.

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

Issuer:	UBS AG, Jersey Branch
Issue:	Trigger yield optimization notes
Underlying currency:	Australian dollar, relative to the dollar
Amount:	$100,000
Maturity:	July 12, 2012
Coupon:	5.5%, payable at maturity
Price:	Par of $10
Payout at maturity:	If final spot rate is at least 95% of initial spot rate, par; otherwise, 1% loss for every 1% decline in the spot rate from the initial level
Initial spot rate:	$1.0303
Trigger spot rate:	$0.9787, 95% of initial spot rate
Pricing date:	April 5
Settlement date:	April 12
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.5%
Cusip:	902669456

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