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Published on 12/31/2008 in the Prospect News Structured Products Daily.

New Issue: UBS prices $2.29 million notes linked to UBS Bloomberg Constant Maturity Commodity

By Laura Lutz

Des Moines, Dec. 27 - UBS AG priced $2.29 million of zero-coupon 100% principal protection notes due Dec. 30, 2011 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The index is a benchmark index consisting of 28 commodity futures with up to five different investment maturities, weighted to reflect the relative importance of each commodity to the world economy.

The payout at maturity will be par plus any gain on the index. Investors will receive at least par.

UBS Investment Bank is the underwriter.

Issuer:UBS AG
Issue:100% principal protection notes
Underlying index:UBS Bloomberg Constant Maturity Commodity Index Excess Return
Amount:$2,288,000
Maturity:Dec. 30, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; floor of par
Initial level:1,230.27
Pricing date:Dec. 21
Settlement date:Dec. 31
Underwriter:UBS Investment Bank
Fees:0.5%

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