New Issue: UBS prices $2.59 million 10.5% yield optimization notes linked to Sprint Nextel

By Angela McDaniels

Tacoma, Wash., Sept. 20 - UBS AG, London Branch priced $2.59 million of 10.5% yield optimization notes with contingent protection due Sept. 21, 2012 linked to the common stock of Sprint Nextel Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes have a face value of $4.47 each, which is the initial share price of Sprint Nextel stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Sprint Nextel stock is less than 60% of the initial share price, in which case the payout will be one share of Sprint Nextel stock per note.

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

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Sprint Nextel Co. (NYSE: S)
Amount:	$2,589,301.14
Maturity:	Sept. 21, 2012
Coupon:	10.5%, payable monthly
Price:	Par of $4.47
Payout at maturity:	If final price of Sprint Nextel stock is less than trigger price, one Sprint Nextel share; otherwise, par
Initial share price:	$4.47
Trigger price	$2.68, 60% of initial price
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.75%
Cusip:	90267C771

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