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Published on 1/24/2006 in the Prospect News Convertibles Daily.

New Issue: UBS prices $10.374 million 0% notes linked to S&P 500, Euro Stoxx 50, Nikkei 225

By Jennifer Chiou

New York, Jan. 24 - UBS AG priced $10.374 million 0% notes due June 30, 2011 linked to the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the return on the indexes is positive, investors will receive par plus the return. Otherwise investors receive par.

Issuer:UBS AG
Issue:Principal-protected notes
Underlying indexes:S&P 500 (50% weight), Dow Jones Euro Stoxx 50 (25% weight), Nikkei 225 (25% weight)
Amount:$10.374 million
Maturity:June 30, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus return on basket of indexes, floor of par
Pricing date:Jan. 20
Underwriter:UBS Investment Bank, UBS Financial Services Inc.

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