New Issue: UBS prices $30.77 million trigger performance securities on S&P 500

By Jennifer Chiou

New York, March 29 - UBS AG, London Branch priced $30,771,280 of 0% trigger performance securities due March 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 148% of the index return. If the index return is zero or negative and the final index level is at least 50% of the initial index level, investors will receive par. If the final index level is less than 50% of the initial index level, investors will be fully exposed to the decline from the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$30,771,280
Maturity:	March 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 148% of any increase in index; par if index falls by 50% or less; full exposure to decline from initial level if index falls beyond 50%
Initial index level:	1,412.52
Pricing date:	March 27
Settlement date:	March 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	9026M0291

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