New Issue: UBS prices $400,000 trigger autocallables linked to Apple

New York, April 5 - UBS AG, London Branch priced $400,000.00 of 0% trigger autocallable optimization securities due April 12, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 18.95% per year if Apple shares close at or above the initial share price on any observation date, which occurs every quarter.

If the notes are not called and Apple shares finish at or above the trigger price, 85% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$400,000.00
Maturity:	April 12, 2013
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if Apple shares finish at or above trigger price; otherwise, full exposure to share price decline
Call:	Automatically at par plus 18.95% per year if Apple shares close at or above initial share price on any observation date, which occurs every quarter.
Initial share price:	$633.68
Trigger price:	$538.63, 85% of initial price
Pricing date:	April 5
Settlement date:	April 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90268Q472

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