New Issue: UBS sells $10.8 million capped leveraged buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., May 26 – UBS AG, London Branch priced $10.8 million of 0% capped leveraged buffered index-linked notes due Nov. 23, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum payout of $1,151.20 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$10,802,000
Maturity:	Nov. 23, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of the index return, with maximum payout of $1,151.20 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% decline in the index beyond 10%
Initial index level:	2,130.82
Pricing date:	May 21
Settlement date:	May 29
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90270KEV7

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