New Issue: UBS prices $15.595 million 0% return optimized notes linked to Euro Stoxx

By Angela McDaniels

Seattle, Feb. 26 - UBS AG priced a $15.595 million issue of 0% return optimization securities due Aug. 29, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any positive return on the index, capped at a maximum return of 29%. Investors will be fully exposed to any decline in the index.

Issuer:	UBS AG
Issue:	Return optimization securities
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$15.595 million
Maturity:	Aug. 29, 2008
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any positive index return up to a maximum return of 29%; full exposure to any index decline
Initial index level:	4,241.48
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Underwriters:	UBS Investment Bank, UBS Financial Services, Inc.
Underwriting discount:	1.75%

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