New Issue: UBS prices $1.54 million contingent return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 29 - UBS AG, London Branch priced $1.54 million of 0% contingent return optimization securities due Oct. 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of 6% and the index return, subject to a maximum return of 18.7%.

If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final level is below the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	S&P 500
Amount:	$1,543,650
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to trigger level, par plus greater of 6% and index return, subject to maximum return of 18.7%; if final index level is less than trigger level, 1% loss for every 1% that final level is below initial level
Initial index level:	1,863.40
Trigger level:	1,490.72, 80% of initial level
Pricing date:	April 26
Settlement date:	April 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.25%
Cusip:	90272V640

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