New Issue: UBS prices $7.1 million principal protection notes linked to four Asian currencies

By Laura Lutz

Des Moines, Jan. 30 - UBS AG priced $7.1 million of zero-coupon 100% principal protection notes due Jan. 29, 2010 linked to a currency basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Indonesian rupiah, the Indian rupee, the Chinese renminbi and the Philippine peso, all against the dollar.

At maturity, investors will receive par plus 145% of any positive return on the basket. Investors will receive at least par.

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

Issuer:	UBS AG
Issue:	100% principal protection notes
Underlying basket:	Equal weights of Indonesian rupiah, Indian rupee, Chinese renminbi and Philippine peso
Amount:	$7,101,140
Maturity:	Jan. 29, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any basket gain; floor of par
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Underwriters:	UBS Financial Services Inc.; UBS Investment Bank
Fees:	2%

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