New Issue: UBS prices $370,000 trigger autocallables on Market Vectors Oil ETF

By Marisa Wong

Madison, Wis., Nov. 3 – UBS AG, London Branch priced $370,000 of 0% trigger autocallable optimization securities due Nov. 7, 2016 linked to the Market Vectors Oil Services ETF, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 9.5% per year if the ETF’s shares close at or above the initial share price on any observation date, which occurs every quarter.

If the notes are not called and the shares finish at or above the trigger price, 61.33% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying ETF:	Market Vectors Oil Services ETF
Amount:	$370,000
Maturity:	Nov. 7, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if ETF’s finish at or above trigger price; otherwise, full exposure to share price decline
Call:	Automatically at par plus 9.5% per year if shares close at or above initial share price on any observation date, which occurs every quarter
Initial share price:	$44.57
Trigger price:	$27.33, 61.33% of initial price
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90273Y346

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