New Issue: UBS prices $7.42 million PLUS tied to basket of emerging market ETFs

By Toni Weeks

San Luis Obispo, Calif., June 5 – UBS AG, London Branch priced $7.42 million of 0% Performance Leveraged Upside Securities due June 2, 2017 linked to a basket of five equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The ETFs are the iShares FTSE China 25 index fund, iShares MSCI Malaysia ETF, iShares MSCI Mexico Capped ETF, iShares MSCI South Korea Capped ETF and iShares MSCI Taiwan ETF.

The payout at maturity will be par plus 150% of any gain in the basket, subject to a maximum return of 43.5%.

Investors will be fully exposed to any decline in the basket.

UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

Issuer:	UBS AG, London Branch
Issue:	Performance Leveraged Upside Securities
Underlying ETFs: iShares FTSE China 25 index fund, iShares MSCI Malaysia ETF, iShares MSCI Mexico Capped ETF, iShares MSCI South Korea Capped ETF and iShares MSCI Taiwan ETF, equally weighted
Amount:	$7,416,000
Maturity:	June 2, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, with maximum return of 43.5%; full exposure to losses
Initial levels:	3,177.66
Pricing date:	May 30
Settlement date:	June 4
Agent:	UBS Securities LLC
Dealer:	Morgan Stanley Smith Barney LLC
Fees:	3%
Cusip:	90272X372

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