New Issue: UBS sells $5.48 million return optimization securities on Financial Select SPDR fund

By Susanna Moon

Chicago, Nov. 24 - UBS AG, London Branch priced $5.48 million of 0% return optimization securities due Nov. 28, 2014 based on the performance of the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2.5 times any fund gain, up to a maximum gain of 77.75%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and UBS Securities LLC are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$5,475,000
Maturity:	Nov. 28, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	250% of any fund gain, capped at 77.75%; exposure to losses
Initial level:	$14.42
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Underwriters:	UBS Financial Services Inc. and UBS Securities LLC
Fees:	3%
Cusip:	90267F253

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