New Issue: UBS prices $1.32 million 9.25% trigger yield optimization notes on Las Vegas Sands

By Angela McDaniels

Tacoma, Wash., Feb. 11 - UBS AG, London Branch priced $1.32 million of 9.25% trigger yield optimization notes due Feb. 16, 2012 linked to the common stock of Las Vegas Sands Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $46.25, which is equal to the initial share price of Las Vegas Sands stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Las Vegas Sands stock is less than 60% of the initial share price, in which case investors will receive one Las Vegas Sands 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:	Las Vegas Sands Corp. (NYSE: LVS)
Amount:	$1,317,107.50
Maturity:	Feb. 16, 2012
Coupon:	9.25%, payable monthly
Price:	Par of $46.25
Payout at maturity:	If final share price is less than trigger price, one Las Vega Sands share; otherwise, par
Initial share price:	$46.25
Trigger price:	$27.75, 60% of initial price
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.85%
Cusip:	90267G111

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