New Issue: UBS prices $526,000 leveraged buffered notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., April 27 – UBS AG, London Branch priced $526,000 of 0% capped leveraged buffered notes due June 28, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B5 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum payment of $1,268.20 per $1,000 principal amount of notes. Investors will receive par if the ETF falls by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$526,000
Maturity:	June 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of ETF return, subject to maximum payment of $1,268.20 per $1,000 principal amount of notes; par if ETF falls by 12.5% or less; 1.1429% loss for every 1% that ETF declines beyond 12.5%
Initial share price:	$43.69
Pricing date:	April 23
Settlement date:	April 30
Agent:	UBS Securities LLC
Fees:	None
Cusip:	90270KEQ8

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