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Published on 11/9/2007 in the Prospect News Structured Products Daily.

New Issue: UBS prices $11.55 million 0% return optimization notes linked to S&P 500

By Jennifer Chiou

New York, Nov. 9 - UBS AG priced a $11.55 million issue of 0% return optimization securities due May 14, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 31.5%. Investors will be fully exposed to any index decline.

UBS Investment Bank is the underwriter.

Issuer:UBS AG
Issue:Return optimization securities
Underlying index:S&P 500
Amount:$11.55 million
Maturity:May 14, 2009
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain up to a maximum return of 31.5%; full exposure to any index decline
Pricing date:Nov. 7
Settlement date:Nov. 15
Underwriter:UBS Investment Bank
Fees:None

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