New Issue: UBS prices $3.4 million return optimization securities tied to S&P 500

By Toni Weeks

San Diego, Dec. 28 - UBS AG, London Branch priced $3.4 million of 0% return optimization securities due Jan. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 13.54%.

Investors will be exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$3,395,200
Maturity:	Jan. 31, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 13.54%; full exposure to any losses
Initial level:	1,419.83
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90269W759

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