New Issue: UBS prices $3.94 million trigger step performance notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 30 - UBS AG, London Branch priced $3.94 million of 0% trigger step performance securities due April 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 25% step return and the index return. Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if it falls more than 20%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$3,943,290
Maturity:	April 28, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 25%; par if index falls by 20% or less; full exposure to losses if index falls more than 20%
Initial index level:	3,165.84
Trigger level:	2,532.67, 80% of initial level
Pricing date:	April 28
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90272V616

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