New Issue: UBS prices $10.615 million 0% notes linked to S&P 500

By Jennifer Chiou

New York, Sept. 28 - UBS AG priced $10,615,000 0% 18-month enhanced appreciation securities linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, the notes pay triple any positive return on the index up to a maximum of 16.5% or give full exposure to any loss.

Issuer:	UBS AG
Issue:	Enhanced appreciation securities senior medium-term notes
Underlying index:	S&P 500
Amount:	$10,615,000
Maturity:	March 30, 2007
Coupon:	0%
Price:	Par
Initial index level:	1,215.29
Payout at maturity:	Triple positive return on index, capped at 16.5%, or full exposure to any loss
Pricing date:	Sept. 23
Underwriter:	UBS Investment Bank, UBS Financial Services Inc.

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