New Issue: UBS prices $149,987 10.17% trigger yield optimization notes on Starwood

By Susanna Moon

Chicago, Dec. 12 - UBS AG, London Branch priced $149,987 of 10.17% trigger yield optimization notes due Dec. 17, 2012 linked to Starwood Hotels & Resorts Worldwide, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is equal to the initial price of Starwood Hotels stock.

The payout at maturity will be par in cash unless the final price of Starwood Hotels stock is less than 67% of the initial share price, in which case investors will receive one Starwood Hotels 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:	Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
Amount:	$149,987.25
Maturity:	Dec. 17, 2012
Coupon:	10.17%, payable monthly
Price:	Par of $48.15
Payout at maturity:	If final share price is less than trigger price, one Starwood Hotels share; otherwise, par
Initial share price:	$48.15
Trigger price:	$32.26, 67% of initial price
Pricing date:	Dec. 12
Settlement date:	Dec. 15
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90267U458

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