New Issue: UBS prices $224,900 9.79% trigger yield optimization notes on gold fund

By Toni Weeks

San Luis Obispo, Calif., June 17 - UBS AG, London Branch priced $224,900 of 9.79% trigger yield optimization notes due June 20, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $28.19, which is equal to the initial share price of the ETF.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than 80% of the initial share price, in which case investors will receive one share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ETF:	Market Vectors Gold Miners exchange-traded fund
Amount:	$224,899.82
Maturity:	June 20, 2014
Coupon:	9.79%, payable monthly
Price:	Par of $28.19
Payout at maturity:	If final share price is less than trigger price, one share; otherwise, par
Initial share price:	$28.19
Trigger price:	$22.55, 80% of initial price
Pricing date:	June 17
Settlement date:	June 20
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90271N144

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