New Issue: UBS prices $0.3 million 19.75% reverse convertibles linked to Wynn Resorts

New York, Nov. 25 - UBS AG priced $0.297 million of 19.75% reverse convertible notes due May 27, 2010 linked to Wynn Resorts, Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Wynn Resorts shares fall below the protection price of $40.96, 65% of the initial price of $63.02, during the life of the notes and finish below the initial price in which case the payout will be 15.8680 shares of Wynn Resorts stock.

UBS Securities LLC is the agent.

Issuer:	UBS AG
Issue:	Reverse convertible notes
Underlying stock:	Wynn Resorts, Ltd. (Symbol: WYNN)
Amount:	$0.297 million
Maturity:	May 27, 2010
Coupon:	19.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Wynn Resorts shares fall below the protection price of $40.96, 65% of the initial price, and finish below the initial price, in which case 15.8680 shares of Wynn Resorts stock
Initial price:	$63.02
Protection price:	$40.96, 65% of $63.02
Exchange ratio:	15.8680
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	UBS Securities LLC
Fees:	2.25%

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