New Issue: UBS prices $9.87 million contingent return optimization securities on Russell 2000

By Marisa Wong

Madison, Wis., June 28 - UBS AG, London Branch priced $9.87 million of 0% contingent return optimization securities due June 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, 70% of the initial index level, the payout at maturity will be par of $10 plus the greater of the 10% contingent return and the index return. The payout will be subject to a maximum return of 37.39%.

If the final index level is less than the trigger level, investors will be fully exposed to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000
Amount:	$9,871,310
Maturity:	June 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is at or above trigger level, par plus greater of index return and 10%, return capped at 37.39%; if final level is below trigger level, full exposure to decline from initial level
Initial level:	765.02
Trigger level:	535.51, 70% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90268U309

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