New Issue: UBS prices $3.11 million dual range market-linked contingent income notes on S&P, CMS

By Wendy Van Sickle

Columbus, Ohio, March 20 – UBS AG London Branch priced $3.11 million of dual range market-linked contingent income notes due March 24, 2020 linked to the 10-year CMS rate and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

UBS will pay a quarterly contingent coupon at an annualized rate of 12.4% only if on the applicable observation date the closing level of the S&P 500 index is equal to or less than 98% of the initial level and the CMS rate is equal to or greater than 102% of its initial level.

The payout at maturity will be par of $10 plus any coupon due.

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

Issuer:	UBS AG, London Branch
Issue:	Dual range market-linked contingent income notes
Underlying index:	S&P 500
Underlying rate:	10-year CMS rate
Amount:	$3,108,000
Maturity:	March 24, 2020
Coupon:	12.4%, payable quarterly if closing level of index is less than or equal to 98% of initial level and CMS rate is at least 102% of initial level on observation date
Price:	Par of $10
Payout at maturity:	Par plus any coupon due
Index barrier:	2,766.03, 98% of initial level
Rate barrier:	2.808%, initial underlying rate plus 0.2%
Pricing date:	March 15
Settlement date:	March 19
Distributor:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90281C344

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