New Issue: UBS prices $10.16 million contingent return optimization notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 23 – UBS AG, London Branch priced $4.15 million of 0% contingent return optimization securities due Dec. 26, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% trigger level, the payout at maturity will be par of $10 plus the greater of the 8% contingent return and the index gain up to a maximum return of 35.52%.

Otherwise, investors will be fully exposed to any losses.

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:	$10,160,650
Maturity:	Dec. 26, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above the trigger level, par plus greater of 8% and index return, capped at 35.52%; otherwise, full exposure to any losses
Initial index level:	2,070.65
Trigger level:	1,656.52, 80% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90274F338

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