New Issue: UBS prices $3.15 million contingent real-return performance notes linked to S&P 500, CPI

By Angela McDaniels

Tacoma, Wash., Feb. 25 - UBS AG, London Branch priced $3.15 million of 0% contingent real-return performance securities due Feb. 29, 2016 linked to the S&P 500 index and the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the S&P 500 is at least 60% of its initial level, the payout at maturity will be par of $10 plus the greater of the S&P 500 return, the Consumer Price Index return and zero. Otherwise, investors will be exposed to the decline in the S&P 500.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent real-return performance securities
Underlying indexes:	S&P 500 index and Consumer Price Index
Amount:	$3,151,730
Maturity:	Feb. 29, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the final level of the S&P 500 is 60% or more of its initial level, par plus the return of the better-performing index, subject to a floor of par; otherwise, full exposure to the decline in the S&P 500
Initial index levels:	1,307.40 for S&P 500 and 218.803 for CPI
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90267G616

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