New Issue: UBS sells $10 million contingent return optimization notes on Russell

By Marisa Wong

Madison, Wis., Jan. 30 - UBS AG, London Branch priced $10 million of 0% contingent return optimization securities due Jan. 31, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 60% of the initial level, the payout at maturity will be par plus the greater of the index return and the 10% contingent return, subject to a maximum return of 34.5%.

If the final index level is less than 60% of the initial level, investors will be fully exposed to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000 index
Amount:	$10 million
Maturity:	Jan. 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is at or above trigger level, par plus greater of index return and 10%, return capped at 34.5%; if final level is below trigger level, full exposure to decline from initial level
Initial level:	792.91
Trigger level:	475.75, 60% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267V548

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