New Issue: UBS prices $170,000 5.18% airbag yield optimization notes on Baidu

By Marisa Wong

Madison, Wis., May 22 - UBS AG, London Branch priced $170,000 of 5.18% annualized airbag yield optimization notes due Nov. 27, 2013 linked to the American depositary shares of Baidu, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Baidu shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag yield optimization notes
Underlying ADSs:	Baidu, Inc. (Nasdaq: BIDU)
Amount:	$170,000
Maturity:	Nov. 27, 2013
Coupon:	5.18% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than conversion price, in which case 12.3655 Baidu shares
Initial share price:	$95.14
Conversion price:	$80.87, 85% of initial share price
Pricing date:	May 22
Settlement date:	May 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90271H378

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