New Issue: UBS prices $0.37 million 12.5% reverse convertibles linked to General Electric

New York, Nov. 25 - UBS AG priced $0.374 million of 12.5% reverse convertible notes due May 27, 2010 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless General Electric shares fall below the protection price of $12.90, 80% of the initial price of $16.12, during the life of the notes and finish below the initial price in which case the payout will be 62.0347 shares of General Electric stock.

UBS Securities LLC is the agent.

Issuer:	UBS AG
Issue:	Reverse convertible notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$0.374 million
Maturity:	May 27, 2010
Coupon:	12.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Electric shares fall below the protection price of $12.90, 80% of the initial price, and finish below the initial price, in which case 62.0347 shares of General Electric stock
Initial price:	$16.12
Protection price:	$12.90, 80% of $16.12
Exchange ratio:	62.0347
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	UBS Securities LLC
Fees:	2.25%

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