New Issue: UBS prices $99,964 4.61% trigger yield optimization notes linked to Dow Chemical

New York, May 16 - UBS AG, London Branch priced $99,964 of 4.61% trigger yield optimization notes due May 21, 2014 linked to the common stock of Dow Chemical Co., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $35.10, which is equal to the initial share price of Dow Chemical stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Dow Chemical stock is less than 80% of the initial share price, in which case investors will receive one Dow Chemical 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 stock:	Dow Chemical Co. (NYSE: DOW)
Amount:	$99,964
Maturity:	May 21, 2014
Coupon:	4.61%, payable monthly
Price:	Par of $35.10
Payout at maturity:	If final share price is less than trigger price, one Dow Chemical share; otherwise, par
Initial share price:	$35.10
Trigger price:	$28.08, 80% of initial price
Pricing date:	May 16
Settlement date:	May 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90271G842

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