New Issue: UBS prices $122,000 airbag yield optimization notes on GT Advanced

New York, April 1 - UBS AG, London Branch priced $122,000 of 10.87% airbag yield optimization notes due April 7, 2015 linked to the common stock of GT Advanced Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of GT Advanced shares equal to $1,000 divided by the conversion price. The conversion price is 70% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank is the agent.

Issuer:	UBS AG, London Branch
Issue:	Airbag yield optimization notes
Underlying stock:	GT Advanced Technologies Inc. (Nasdaq: GTAT)
Amount:	$122,000
Maturity:	April 7, 2015
Coupon:	10.87%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of GT Advanced shares equal to $1,000 divided by conversion price; otherwise, par
Initial share price:	$17.38
Conversion price:	$12.17, 70% of initial price
Pricing date:	April 1
Settlement date:	April 4
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90272E515

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