New Issue: UBS prices $270,000 step performance securities tied to iShares Russell

By Marisa Wong

Morgantown, W.Va., Sept. 6 – UBS AG, London Branch priced $270,000 of 0% step performance securities due Sept. 7, 2018 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 16.11% step return and the fund return. Investors will be fully exposed to any fund decline.

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

Issuer:	UBS AG, London Branch
Issue:	Step performance securities
Underlying ETF:	iShares Russell 2000 ETF
Amount:	$270,000
Maturity:	Sept. 7, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is zero or positive, par plus greater of fund return and 16.11%; full exposure to losses
Initial price:	$123.95
Pricing date:	Aug. 30
Settlement date:	Sept. 2
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90279K621

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