New Issue: UBS prices $10.511 million 0% return optimization notes linked to Euro Stoxx

By Angela McDaniels

Seattle, May 29 - UBS AG priced a $10.511 million issue of 0% return optimization securities due Nov. 28, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 25.5%. Investors will be fully exposed to any index decline.

UBS Investment Bank and UBS Financial Services, Inc. are the underwriters.

Issuer:	UBS AG
Issue:	Return optimization securities
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$10.511 million
Maturity:	Nov. 28, 2008
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain up to a maximum return of 25.5%; full exposure to any index decline
Initial index level:	4,452.7
Pricing date:	May 24
Settlement date:	May 29
Underwriters:	UBS Investment Bank, UBS Financial Services, Inc.
Fees:	1.75%

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