New Issue: UBS prices $5.11 million trigger autocallables linked to Broadcom

By Toni Weeks

San Diego, April 14 - UBS AG, London Branch priced $5.11 million of 0% trigger autocallable optimization securities due April 19, 2012 linked to the common stock of Broadcom Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above the initial price on any monthly observation date, the notes will be called at par of $10 plus an annualized call return of 22.4%.

If the notes are not called and Broadcom shares finish at or above the trigger price - 80% of the initial share price - the payout at maturity will be par. Otherwise, investors will be exposed to the decline in the stock.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying stock:	Broadcom Corp. (Symbol: BRCM)
Amount:	$5,109,380
Maturity:	April 19, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If Broadcom shares finish at or above the trigger price, par; otherwise, exposure to losses
Call option:	At par plus 22.4% per year if shares close at or above initial price on any monthly observation date
Initial share price:	$38.12
Trigger price:	$30.50, 80% of initial share price
Pricing date:	April 13
Settlement date:	April 18
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90267G491

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