By Susanna Moon
Chicago, Dec. 31 – UBS AG, London Branch priced $3.24 million of 0% trigger autocallable optimization securities due Dec. 30, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 8% per year if index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 68.28% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable optimization securities
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| Underlying index: | Russell 2000
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| Amount: | $3,241,500
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| Maturity: | Dec. 30, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par if index finishes at or above trigger level; otherwise, full exposure to any losses
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| Call: | At par plus 8% per year if index closes at or above initial level on any quarterly observation date
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| Initial level: | 1,219.109
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| Trigger level: | 832.408, 68.28% of initial price
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90274F437
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