New Issue: UBS prices $500,000 contingent absolute return autocallables linked to Junior Gold Miners ETF

By Angela McDaniels

Tacoma, Wash., June 25 – UBS AG, London Branch priced $500,000 of 0% contingent absolute return autocallable optimization securities due July 5, 2016 linked to the Market Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 17% if the ETF closes at or above the initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the trigger price, 60% of the initial share price, the payout at maturity will be par plus the absolute value of the ETF return. Otherwise, investors will be fully exposed to the ETF decline.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent absolute return autocallable optimization securities
Underlying ETF:	Market Vectors Junior Gold Miners ETF
Amount:	$500,000
Maturity:	July 5, 2016
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to trigger price, par plus absolute value of ETF return; otherwise, full exposure to ETF decline
Call:	At par plus 17% per year if ETF closes at or above initial share price on any quarterly observation date
Initial share price:	$41.19
Trigger price:	$24.71, 60% of initial share price
Pricing date:	June 25
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90272M756

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