New Issue: UBS sells $6.1 million 9.65% yield optimization notes on Adobe Systems

By Susanna Moon

Chicago, Oct. 22 - UBS AG, London Branch priced $6.1 million of 9.65% yield optimization notes with contingent protection due Oct. 26, 2011 based on the common stock of Adobe Systems Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes have a face value of $28.21, which is equal to the closing price of Adobe Systems stock at pricing.

Interest is payable monthly.

The payout at maturity will be par unless the Adobe Systems stock finishes at less than 80% of the initial share price, in which case the payout will be one share of Adobe Systems stock per note.

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

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Adobe Systems Inc. (Nasdaq: ADBE)
Amount:	$6,101,484.48
Maturity:	Oct. 26, 2011
Coupon:	9.65%, payable monthly
Price:	Par of $28.21
Payout at maturity:	If final price of Adobe Systems stock is less than trigger price, one Adobe Systems share; otherwise, par
Initial share price:	$28.21
Trigger price	$22.57, or 80% of initial price
Pricing date:	Oct. 20
Settlement date:	Oct. 25
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267F204

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