New Issue: UBS prices $2.25 million contingent-return optimization notes linked to Russell 2000

By Jennifer Chiou

New York, Sept. 30 – UBS AG, London Branch priced $2.25 million of 0% contingent-return optimization securities due Sept. 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 23.3%.

Otherwise, investors will be fully exposed to losses from the initial index level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent-return optimization securities
Underlying index:	Russell 2000
Amount:	$2.25 million
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 23.3%; otherwise, full exposure to losses
Initial level:	1,119.331
Trigger level:	895.465, 80% of initial level
Pricing date:	Sept. 26
Settlement date:	Sept. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90273L872

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