New Issue: UBS prices $6.36 million trigger performance notes linked to S&P 500

By Marisa Wong

Madison, Wis., June 27 - UBS AG, London Branch priced $6.36 million of 0% trigger performance securities due June 29, 2018 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 117.74% of any gain in the index. Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index falls below the 60% trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P 500 index
Amount:	$6,355,730
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 117.74% of any index gain; par for losses up to 40%; full exposure to losses if index drops below trigger level
Initial level:	1,588.03
Trigger level:	952.82, 60% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90271C718

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