New Issue: UBS prices $184,000 return optimization notes on SPDR S&P 500 ETF trust

By Jennifer Chiou

New York, March 31 - UBS AG, London Branch priced $184,000 of 0% return optimization securities due April 30, 2015 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 10%.

Investors will be exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying fund:	SPDR S&P 500 exchange-traded fund trust
Amount:	$184,000
Maturity:	April 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any fund gain, capped at 10%; otherwise, full exposure to losses
Initial level:	$184.97
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90272V400

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