New Issue: UBS prices $374,922 10.02% trigger yield optimization notes on Occidental Petroleum

By Susanna Moon

Chicago, Nov. 18 - UBS AG, London Branch priced $374,922 of 10.02% trigger yield optimization notes due Nov. 23, 2012 linked to Occidental Petroleum Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Occidental Petroleum stock.

The payout at maturity will be par in cash unless the final price of Occidental Petroleum stock is less than 70% of the initial share price, in which case investors will receive one Occidental Petroleum share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Occidental Petroleum Corp. (NYSE: OXY)
Amount:	$374,922
Maturity:	Nov. 23, 2012
Coupon:	10.02%, payable monthly
Price:	Par of $94.32
Payout at maturity:	If final share price is less than trigger price, one Occidental Petroleum share; otherwise, par
Initial share price:	$94.32
Trigger price:	$66.02, or 70% of initial price
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267Q457

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