New Issue: UBS sells $51.31 million 10.03% yield optimization notes linked to Intel

By Susanna Moon

Chicago, Aug. 20 - UBS AG, London Branch priced $51.31 million of 10.03% yield optimization notes with contingent protection due Aug. 25, 2011 based on the performance of Intel Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Each note has a face value of $18.96, which was the closing price of Intel stock at pricing.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Intel stock is less than 80% of the initial share price, in which case the payout will be one share of Intel stock per note.

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

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Intel Corp. (Nasdaq: INTC)
Amount:	$51,309,608.88
Maturity:	Aug. 25, 2011
Coupon:	10.03%, payable monthly
Price:	Par of $18.96
Payout at maturity:	If final share price is less than trigger price, one Intel share; otherwise, par
Initial share price:	$18.96
Trigger price:	$15.17, or 80% of initial price
Pricing date:	Aug. 19
Settlement date:	Aug. 24
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.75%
Cusip:	90267C714

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