New Issue: UBS prices $20.92 million protected absolute return barrier notes linked to Russell 2000

New York, June 27 - UBS AG priced $20.92 million of zero-coupon 100% principal protection absolute return barrier notes due Dec. 31, 2009 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above the upper index barrier or below the lower index barrier on any day during the life of the notes, the payout at maturity will be par of $10. Otherwise, the payout will be par plus the absolute value of the index return.

The upper and lower index barriers are 30% above and below the initial index level, respectively.

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

Issuer:	UBS AG
Issue:	100% principal protection absolute return barrier notes
Underlying index:	Russell 2000
Amount:	$20,919,420
Maturity:	Dec. 31, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if index ever closes above the upper index barrier or below the lower index barrier; otherwise, par plus the absolute value of the index return
Initial index level:	716.30
Lower index barrier:	501.41, 70% of initial index level
Upper index barrier:	931.19, 130% of initial index level
Pricing date:	June 25
Settlement date:	June 30
Underwriters:	UBS Financial Services Inc., UBS Investment Bank
Fees:	1.75%

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