New Issue: UBS prices $19.5 million 12% GOALS linked to WorldCom

New York, Jan. 22 - UBS AG priced on Thursday $19.5 million of 12% GOALS due 2003 linked to WorldCom, Inc. common stock, according to a filing with the Securities and Exchange Commission.

The GOALS pay a higher than normal coupon for the issuer and maturity date in exchange for the holder taking the risk of participating in any downside in WorldCom stock.

The securities were brought to market by UBS Warburg and UBS PaineWebber Inc.

Issuer:	UBS AG
Amount:	$19.5 million
Maturity:	Jan. 24, 2003
Coupon:	12%, payable semi-annually
Price:	Par
Payment at maturity:	Par in cash if WorldCom stock never closes below $10.52 (20% below initial price of $13.15) before final valuation date or if WorldCom stock closes below $10.52 before final valuation date but at or above the initial price of $13.15 on the valuation date.
	Otherwise 76.0456 WorldCom shares
Listing:	"GPL.D" on American Stock Exchange
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