New Issue: UBS prices $254,928 of 15.5% trigger yield optimization notes linked to Weatherford

By Jennifer Chiou

New York, Aug. 18 - UBS AG, London Branch priced $254,928 of 15.5% annualized trigger yield optimization notes due Nov. 23, 2011 linked to the common stock of Weatherford International Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable at maturity.

The face amount of each note will be equal to the initial price of Weatherford stock.

The payout at maturity will be par in cash unless the final price of Weatherford stock is less than 67% of the initial share price, in which case investors will receive one Weatherford share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Weatherford International Ltd. (Symbol: WFT)
Amount:	$254,928.57
Maturity:	Nov. 23, 2011
Coupon:	15.5%, payable at maturity
Price:	Par of $15.99
Payout at maturity:	If final share price is less than trigger price, one Weatherford share; otherwise, par
Initial share price:	$15.99
Trigger price:	$10.71, 67% of initial price
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90268C481

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