New Issue: UBS prices $144,940 7.04% trigger yield optimization notes linked to Freeport-McMoRan

New York, April 26 - UBS AG, London Branch priced $144,940.44 of 7.04% trigger yield optimization notes due April 30, 2014 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $29.86, which is equal to the initial share price of Freeport-McMoRan stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Freeport-McMoRan stock is less than 70% of the initial share price, in which case investors will receive one Freeport-McMoRan 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:	Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Amount:	$144,940.44
Maturity:	April 30, 2014
Coupon:	7.04%, payable monthly
Price:	Par of $29.86
Payout at maturity:	If final share price is less than trigger price, one Freeport-McMoRan share; otherwise, par
Initial share price:	$29.86
Trigger price:	$20.90, 70% of initial price
Pricing date:	April 25
Settlement date:	April 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90269J857

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