New Issue: UBS sells €702.25 million mandatory, convertible into DaimlerChrysler, at 4.35%

Nashville, Jan. 19 - UBS AG sold €702.25 million of mandatory bonds, convertible into DaimlerChrysler AG shares, at par of €50,000 to yield 4.35% via sole bookrunner UBS Investment Bank.

The registered offering priced at the tight end of guidance for a 4.35% to 4.55% coupon.

The five-year non-callable bonds had been expected to fetch €650 million to €700 million.

Terms of the deal are:

Issuer:	UBS AG (Jersey)
Reference shares:	DaimlerChrysler AG
Issue:	Mandatory exchangeable bonds
Bookrunner:	UBS Investment Bank
Amount:	€702.25 million
Maturity:	Feb. 18, 2010
Coupon:	4.35%
Price:	Par, €50,000
Yield:	4.35%
Exchange price:	€45,000 to €72,500
Exchange ratio:	0.6207 to 1.00
Contingent conversion:	No
Contingent payment:	No
Dividend protection:	Yes
Takeover protection:	Yes
Call:	Non-callable
Put:	No
Ratings:	Moody's: Aa2
	S&P: AA+
Price talk:	4.35%-4.55%
Pricing date:	Jan. 18
Settlement date:	Feb. 18
Distribution:	Registered

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