New Issue: UBS prices $10 million 0% notes linked to iShares ETF basket

By Angela McDaniels

Seattle, Oct. 23 - UBS AG priced a $10 million issue of 0% market performance notes due Oct. 26, 2011 linked to a basket of iShares exchange traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the iShares Dow Jones Select Dividend Index Fund with a 75% weight and the iShares MSCI EAFE Index Fund with a 25% weight.

The payout at maturity will be par of $10.00 plus 152.25% of any positive return on the basket. Investors will participate fully in any loss on the basket.

Issuer:	UBS AG
Issue:	Market performance notes
Underlying funds:	iShares Dow Jones Select Dividend Index Fund (75% weight), iShares MSCI EAFE Index Fund (25% weight)
Amount:	$10 million
Maturity:	Oct. 26, 2011
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 1.5225 times any positive return on the basket; full exposure to any loss on the basket
Pricing date:	Oct. 19
Underwriters:	UBS Investment Bank, UBS Financial Services Inc.
Underwriting discount:	120 basis points

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