New Issue: UBS sells $16.89 million autocallable optimization securities tied to Russell 2000

By Marisa Wong

Madison, Wis., Nov. 9 - UBS AG, London Branch priced $16.89 million of 0% autocallable optimization securities with contingent protection due Nov. 9, 2015 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call premium of 10.89%.

The payout at maturity will be par if the index finishes at or above 50% of the initial share price. Otherwise, investors will be exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Autocallable optimization securities with contingent protection
Underlying index:	Russell 2000
Amount:	$16,890,520
Maturity:	Nov. 9, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above trigger price, par; otherwise, par plus return
Call:	At par plus annualized call premium of 10.89% if index closes at or above initial price on any of 12 monthly observation dates
Initial level:	736.59
Trigger level:	368.30, or 50% of initial share price
Pricing date:	Nov. 5
Settlement date:	Nov. 10
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90267F220

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