New Issue: UBS prices $100,000 trigger return optimization securities on Procter

New York, April 20 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due April 27, 2018 linked to the common stock of Procter & Gamble Co., according to a 424B2 filing with the Securities and Exchange Commission.

If Procter stock closes at or above the initial price, the payout at maturity will be par plus two times any gain in common stock of Procter capped at 30.48%.

Investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Procter & Gamble Co. (NYSE: PG)
Amount:	$100,000
Maturity:	April 27, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any gain in common stock of Procter, capped at 30.48%; otherwise, exposure to any losses
Initial share price:	$82.87
Pricing date:	April 20
Settlement date:	April 23
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90273B429

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