New Issue: UBS prices $4.67 million 11.12% yield optimization notes linked to Goldman Sachs

By Jennifer Chiou

New York, April 30 - UBS AG priced $4.67 million of 11.12% yield optimization notes with contingent protection due April 29, 2011 linked to the common stock of Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note priced at par of $120.67, which is equal to the closing price of one Goldman Sachs share on the pricing date.

Interest is payable monthly.

If the final share price is greater than or equal to 50% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Goldman Sachs share per note.

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

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Goldman Sachs Group, Inc. (Symbol: GS)
Amount:	$4,669,808
Maturity:	April 29, 2011
Coupon:	11.12%, payable monthly
Price:	Par of $120.67
Payout at maturity:	If Goldman Sachs stock finishes below the trigger price, one Goldman Sachs share per note; otherwise, par
Initial share price:	$120.67
Trigger price:	$60.335, 50% of initial price
Pricing date:	April 28
Settlement date:	April 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.75%

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