New Issue: UBS prices $3.87 million 10.4% yield optimization notes on Kinross Gold

By Jennifer Chiou

New York, Sept. 30 - UBS AG, London Branch priced $3.87 million of 10.4% yield optimization notes with contingent protection due Sept. 30, 2011 linked to the common stock of Kinross Gold Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Each note has a face value of $19.00, which is the closing price of Kinross Gold stock at pricing.

The payout at maturity will be par unless the final price of Kinross Gold stock is less than 80% of the initial share price, in which case the payout will be one share of Kinross Gold stock per note.

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

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Kinross Gold Corp. (Symbol: KGC)
Amount:	$3,874,214
Maturity:	Sept. 30, 2011
Coupon:	10.4%, payable monthly
Price:	Par of $19.00
Payout at maturity:	If final share price is less than trigger price, one Kinross Gold share; otherwise, par
Initial share price:	$19.00
Trigger price:	$15.20, 80% of initial price
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267F139

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