New Issue: UBS prices $7.64 million contingent return optimization notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Jan. 30 - UBS AG, London Branch priced $7.64 million of 0% contingent return optimization securities due July 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout at maturity will be par of $10 plus the greater of 6% and the index return, subject to a maximum return of 24.37%.

If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final level is below the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000
Amount:	$7,641,770
Maturity:	July 29, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to trigger level, par plus greater of 6% and index return, subject to maximum return of 24.37%; if final index level is less than trigger level, 1% loss for every 1% that final level is below initial level
Initial index level:	1,138.24
Trigger level:	853.68, 75% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.25%
Cusip:	90271T257

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