New Issue: UBS prices $3.08 million return optimization notes linked to S&P 500

New York, July 31 – UBS AG, London Branch priced $3.08 million of return optimization securities due Aug. 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 the initial index level, the payout at maturity will be par plus 3 times the index return, subject to a maximum payout of 11%.

Investors will be fully exposed to the index’s decline.

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

The estimated initial value is $9.753 per $10 principal amount.

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$3,081,350
Maturity:	Aug. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 3 times index return, subject to 11% maximum payout; full exposure to index’s decline
Initial index level:	2,093.25
Pricing date:	July 28
Settlement date:	July 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90275C284

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