New Issue: UBS prices $5.46 million 0% principal-protected notes linked to three currencies

By Jennifer Chiou

New York, Aug. 30 - UBS AG priced $5.46 million of 0% principal-protected notes due Feb. 27, 2009 linked to a basket of three currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the euro with a 33.34% weight, the British pound with a 33.33% weight and the Canadian dollar with a 33.33% weight.

For each $10.00 principal amount of securities, the payout at maturity will be par plus any positive basket return times a 170% participation rate.

Investors will receive at least par.

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

Issuer:	UBS AG
Issue:	Principal-protected foreign exchange-linked securities
Underlying currencies:	Euro (33.34% weight), British pound (33.33% weight), Canadian dollar (33.33% weight)
Amount:	$5,456,960
Maturity:	Feb. 27, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 170% of any basket gain; floor of par
Initial spot exchange rates:	Euro at 1.3608, British pound at 2.0034, Canadian dollar at 1.0654
Pricing date:	Aug. 28
Underwriters:	UBS Financial Services, Inc., UBS Investment Bank
Fees:	1.75%

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