New Issue: UBS prices $1.91 million return optimization securities linked to oil & gas ETF

New York, May 19 – UBS AG, London Branch priced $1,905,000 of return optimization securities due May 27, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the initial price, the payout at maturity will be par plus five times any fund gain capped at 50.7%.

Investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,905,000
Maturity:	May 27, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any fund gain, capped at 50.7%; otherwise, exposure to any losses
Initial share price:	$35.52
Pricing date:	May 19
Settlement date:	May 24
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90278B564

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