New Issue: UBS prices $250,000 performance securities on Energy Select Sector SPDR

By Marisa Wong

Madison, Wis., April 28 – UBS AG, London Branch priced $250,000 of 0% performance securities due May 5, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 163.87% of the fund return.

Investors will be fully exposed to any decline in the fund share price.

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

Issuer:	UBS AG, London Branch
Issue:	Performance securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$250,000
Maturity:	May 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 163.87% of fund return; full exposure to losses
Initial level:	$82.30
Pricing date:	April 28
Settlement date:	May 1
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90273C120

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