New Issue: UBS prices $140,000 trigger return optimization securities on iShares MSCI EM

New York, May 22 – UBS AG, London Branch priced $140,000 of trigger return optimization securities due May 30, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any gain in the ETF capped at 17.86%. 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 ETF:	iShares MSCI Emerging Markets ETF
Amount:	$140,000
Maturity:	May 30, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any gain in ETF, capped at 17.86%; otherwise, exposure to any losses
Initial share price:	$42.74
Pricing date:	May 22
Settlement date:	May 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90273M318

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