New Issue: UBS prices $7.07 million PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 24 - UBS AG, London Branch priced $7.07 million of 0% Performance Leverage Upside Securities due July 2, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 11.25%. If the index return is negative, investors will lose 1% for every 1% that the final index level is less than the initial index level.

UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	UBS AG, London Branch
Issue:	Performance Leverage Upside Securities
Underlying index:	S&P 500
Amount:	$7,065,000
Maturity:	July 2, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus 300% of index return, subject to maximum return of 11.25%; if index return is negative, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,588.19
Pricing date:	June 20
Settlement date:	June 25
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	90271C858

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