EX-1
from SC 13D
17 pages
Terms and Conditions of the Participation Notes 1 General (A) Description the US$2,000,000,000 Participation Notes Due 2007 (The “Notes”) of Ubs AG, London Branch (The “Issuer”) Are Constituted Hereby and Are Issued on February 15, 2006. References to “Conditions” Are, Unless the Context Requires Otherwise, to This Condition 1 and the Numbered Paragraphs Below. (B) Redemption
12/34/56