New Issue: UBS prices $99,989 12.45% trigger yield optimization notes on SanDisk

By Toni Weeks

San Diego, Sept. 22 - UBS AG, London Branch priced $99,989 of 12.45% trigger yield optimization notes due Sept. 27, 2012 linked to the common stock of SanDisk Corp., 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 SanDisk stock.

The payout at maturity will be par in cash unless the final price of SanDisk stock is less than 65% of the initial share price, in which case investors will receive one SanDisk 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:	SanDisk Corp. (Nasdaq: SNDK)
Amount:	$99,987.88
Maturity:	Sept. 27, 2012
Coupon:	12.45%, payable monthly
Price:	Par of $41.42
Payout at maturity:	If final share price is less than trigger price, one SanDisk share; otherwise, par
Initial share price:	$41.42
Trigger price:	$26.92, 65% of initial price
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90268D372

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