New Issue: UBS prices $23.4 million 0% principal-protected notes linked to three indexes

By Jennifer Chiou

New York, Dec. 22 - UBS AG priced $23,405,920 of 0% principal-protected notes due Dec. 31, 2010 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, equally weighted.

Payout at maturity is par plus 102.5% of any gain on the basket. Investors will receive a minimum of par.

Issuer:	UBS AG
Issue:	Principal-protected notes
Underlying indexes:	S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, equally weighted
Amount:	$23,405,920
Maturity:	Dec. 31, 2010
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 102.5% of any positive return on the basket; minimum of par
Pricing date:	Dec. 20
Underwriters:	UBS Investment Bank, UBS Financial Services Inc.
Fees:	2.75%

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