New Issue: UBS prices $5.25 million buffered return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 29 - UBS AG, London Branch priced $5.25 million of 0% buffered return optimization securities due June 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.25 times any increase in the index, subject to a maximum return of 21.75%. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$5,249,480
Maturity:	June 28, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.25 times any index gain, up to maximum return of 21.75%; par if index falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,280.1
Pricing date:	June 27
Settlement date:	June 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267X171

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