New Issue: UBS prices $110,000 airbag return optimization notes linked to Facebook

By Marisa Wong

Morgantown, W.Va., April 2 – UBS AG, London Branch priced $110,000 of 0% airbag return optimization securities due April 1, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 3 times the gain, with the return capped at 16.11%.

If the stock finishes flat or declines by up to 10%, the payout will par.

Otherwise, investors will lose 1.11% for every 1% share price decline beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag return optimization securities
Underlying stock:	Facebook, Inc. (Nasdaq: FB)
Amount:	$110,000
Maturity:	April 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any stock gain, with the return capped at 16.11%; if stock finishes flat or falls by up to 10%, par; otherwise, 1.11% loss for every 1% share price decline beyond 10%
Initial share price:	$152.22
Pricing date:	March 27
Settlement date:	March 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90284B889

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