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Published on 11/27/2006 in the Prospect News Structured Products Daily.

New Issue: UBS prices $19.25 million 0% notes linked to six indexes

By Angela McDaniels

Seattle, Nov. 27 - UBS AG priced a $19.25 million issue of zero-coupon partial principal-protected notes due Nov. 30, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx index with a 40% weight, the Nikkei 225 index with a 20% weight and the FTSE/Xinhua China 25, Swiss Market, Korea Kospi 200 and MSCI Emerging Markets indexes with a 10% weight each.

The payout at maturity will be par plus 125% of any positive return on the basket. If the basket declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.

Issuer:UBS AG
Issue:Partial principal-protected notes
Underlying indexes:Dow Jones Euro Stoxx index (40% weight), Nikkei 225 (20% weight), FTSE/Xinhua China 25 (10% weight), Swiss Market (10% weight), Korea Kospi 200 (10% weight) and MSCI Emerging Markets (10% weight)
Amount:$19.25 million
Maturity:Nov. 30, 2011
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus 125% of any positive basket return; par if the basket declines by 20% or less; 1% loss for each 1% decline beyond 20%
Pricing date:Nov. 22
Underwriters:UBS Investment Bank, UBS Financial Services Inc.
Underwriting discount:3.5%

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