New Issue: UBS prices $168,000 market plus notes tied to Energy Select Sector SPDR

By Toni Weeks

San Diego, Sept. 24 - UBS AG, London Branch priced $168,000 of 0% market plus notes due March 26, 2014 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the fund's closing share price is less than the initial price by more than 25% on any day during the life of the notes.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the fund return and 0.5%. If a knock-out event does occur, the payout will be par plus the fund return, which could be positive or negative.

UBS Investment Bank is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	UBS AG, London Branch
Issue:	Market plus notes
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$168,000
Maturity:	March 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event does not occur, par plus greater of fund return and 0.5%; if knock-out event does occur, par plus fund return, which could be positive or negative
Knock-out event:	Fund's closing share price is less than initial price by more than 25% on any day during life of notes
Initial share price:	$74.50
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Underwriter:	UBS Investment Bank
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	902674LP3

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