New Issue: UBS prices $3.5 million 0% partial principal-protected notes linked to S&P 500

By Jennifer Chiou

New York, Sept. 26 - UBS AG priced a $3.5 million issue of 0% partial principal-protected notes due June 29, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10.00 plus any gain on the index. If the index falls by up to 15%, payout will be par. Investors will lose 1% for each 1% the index falls beyond 15%.

UBS Investment Bank and UBS Financial Services Inc. will be the underwriters.

Issuer:	UBS AG
Issue:	Principal-protected notes
Underlying index:	S&P 500
Amount:	$3.5 million
Maturity:	June 29, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus any return on the index if there is a gain; par if the index declines up to 15%; if the index loss is greater than 15%, investors will lose 1% for each percentage point the loss is beyond 15%
Pricing date:	Sept. 22
Underwriters:	UBS Investment Bank, UBS Financial Services Inc.

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