New Issue: UBS prices $1.51 million buffered return optimization securities tied to iShares MSCI EM

By Toni Weeks

San Diego, July 30 - UBS AG, London Branch priced $1.51 million of 0% buffered return optimization securities due July 31, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the fund price, up to a maximum return of 26.42%.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying fund:	iShares MSCI Emerging Markets index fund
Amount:	$1,512,800
Maturity:	July 31, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any fund gain, capped at 26.42%; par for losses up to 10%; 1% loss for every 1% drop beyond 10%
Initial price:	$38.45
Pricing date:	July 26
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90268U663

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