New Issue: UBS prices $962,000 trigger return optimization securities on S&P 500

By Susanna Moon

Chicago, Feb. 27 - UBS AG, London Branch priced $962,000 of 0% trigger return optimization securities due Feb. 29, 2016 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 1.5 times any index gain, up to a maximum return of 34.5%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying index:	S&P 500 index
Amount:	$962,000
Maturity:	Feb. 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 34.5%; par if index falls by up to 25%; full exposure to any losses if index finishes trigger level
Initial level:	1,487.85
Trigger level:	1115.89, or 75% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90271B462

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