New Issue: UBS prices $8.58 million contingent-return optimization notes on Russell 2000

By Jennifer Chiou

New York, March 31 - UBS AG, London Branch priced $8,584,000 of 0% contingent-return optimization securities due Sept. 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 24.37%.

Otherwise, investors will be fully exposed to losses from the initial index level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent-return optimization securities
Underlying index:	Russell 2000
Amount:	$8,584,000
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 24.37%; otherwise, full exposure to losses
Initial level:	1,155.4862
Trigger level:	866.6147, 75% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.25%
Cusip:	90272V160

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