New Issue: UBS prices $5.67 million 8.25% yield optimization notes linked to Starbucks

By E. Janene Geiss

Philadelphia, March 28 - UBS AG priced a $5,671,988 offering of 8.25% yield optimization notes due March 31, 2008 linked to the common stock of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par of $31.95 unless Starbucks stock falls below the trigger price of $23.96 during the life of the notes, in which case the payout will be one share of Starbucks stock.

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Starbucks Corp.
Amount:	$5,671,988
Maturity:	March 31, 2008
Coupon:	8.25%, payable quarterly
Price:	Par of $31.95
Payout at maturity:	Par unless Starbucks stock falls below the trigger price during the life of the notes, in which case payout will be one Starbucks share
Initial share price:	$31.95
Trigger price:	$23.96, 75% of initial share price
Pricing date:	March 26
Settlement date:	March 30
Underwriters:	UBS Investment Bank and UBS Financial Services Inc.
Underwriting discount:	0.64%

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