New Issue: UBS prices $159,953 of 9.17% trigger yield optimization notes linked to Petrobras

By Jennifer Chiou

New York, Nov. 18 - UBS AG, London Branch priced $159,953 of 9.17% trigger yield optimization notes due Nov. 23, 2012 linked to the American Depositary Shares of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $26.65, which is equal to the initial ADS price of Petrobras.

Interest is payable monthly.

The payout at maturity will be par unless the final ADS price is less than 70% of the initial ADS price, in which case investors will receive one Petrobras ADS per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ADSs:	Petroleo Brasileiro SA (NYSE: PBR)
Amount:	$159,953.30
Maturity:	Nov. 23, 2012
Coupon:	9.17%, payable monthly
Price:	Par of $26.65
Payout at maturity:	If final ADS price is less than trigger price, one Petrobras ADS; otherwise, par
Initial ADS price:	$26.65
Trigger price:	$18.66, 70% of initial price
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267Q416

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