Obbligazione UBG 4.2% ( XS1323986585 ) in USD

UBG

100 USD ⇌

Svizzera

XS1323986585 ( in USD )

4.2% per anno ( pagato 2 volte l'anno)

04/12/2017 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione UBS XS1323986585 in USD 4.2%, scaduta

1 000 USD

3 000 000 USD

UBS è una banca globale svizzera che offre servizi finanziari a privati, aziende e istituzioni.

The Obbligazione issued by UBG ( Switzerland ) , in USD, with the ISIN code XS1323986585, pays a coupon of 4.2% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 04/12/2017

PRICING SUPPLEMENT
The Pricing Supplement dated 29 December 2015
UBS AG,
acting through its London branch
Issue of USD 1,000,000 Automatic Early Redeemable Notes linked to Société Générale S.A., BNP Paribas S.A.,
BARCLAYS PLC and JPMorgan Chase & Co. shares ("Tranche 2") to be consolidated and form a single series
with the existing issue of USD 2,000,000 Automatic Early Redeemable Notes linked to Société Générale S.A., BNP
Paribas S.A., BARCLAYS PLC and JPMorgan Chase & Co. shares due 2017 ("Tranche 1") under the Euro Note
Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Listing
Particulars dated 22 June 2015 and the supplemental Listing Particulars dated 14 August 2015 and 02 December 2015,
which together constitute base listing particulars for the purposes of admission to trading on the Luxembourg Stock
Exchange's Euro MTF Market. This document constitutes the Pricing Supplement of the Notes described herein and
must be read in conjunction with such Base Listing Particulars as so supplemented.
UBS's hedging activities related to this transaction may have an impact on the price of the underlying asset and may
affect the likelihood that any relevant level is crossed. UBS has policies and procedures designed to minimise the risk
that officers and employees are influenced by any conflicting interest or duty and that confidential information is
improperly disclosed or made available.
Full information on the Issuer and the offer of the Notes described herein is only available on the basis of the
combination of this Pricing Supplement and the Base Listing Particulars as so supplemented. The Base Listing
Particulars and the supplemental Listing Particulars are available at UBS Investment Bank, a business division of UBS
AG, P.O. Box CH-8001, Zurich, Switzerland, or can be ordered by telephone (+41 44 239 47 03), fax (+41 44 239 69
14) or by e-mail to [email protected].
1.
Issuer:
UBS AG, acting through its London branch
2.
(i) Series Number:
14458/15
(ii) Tranche Number:
2
(iii) Date on which the Notes become The Notes shall be consolidated, form a single series
fungible:
and be interchangeable for trading purposes with the
existing issue of USD 2,000,000 Notes (Tranche 1) on
29 December 2015.
3.
Currency or Currencies:
US Dollar ("USD")
4.
Aggregate Nominal Amount:

(i)
Series:
USD 3,000,000

(ii)
Tranche:
USD 1,000,000 (Tranche 2)

USD 2,000,000 (Tranche 1)
5.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6.
(i) Specified Denominations:
USD 1,000
Registered Notes
No Notes in definitive form will be issued with a
denomination below the minimum Specified
Denomination.
A Noteholder who holds an amount which is less
than the minimum Specified Denomination in his
account with the relevant clearing system at the
relevant time may not receive a definitive Note in
respect of such holding (should definitive Notes be
printed) and would need to purchase a nominal
amount of Notes such that its holding amounts to
the minimum Specified Denomination.
(ii)
Calculation Amount:
USD 1,000
7.
(i)
Issue Date:
29 December 2015 (Tranche 2)
02 December 2015 (Tranche 1)

(ii)
Interest Commencement Date:
02 December 2015

8.
Maturity Date:
10 (ten) Business Days following the Final Valuation
Date. The Maturity Date is scheduled to be 04
December 2017.
9.
Interest Basis:
Fixed Rate (See Schedule 1)
10.
Redemption/Payment Basis:
See Schedule 1.
11.
Change of Interest or Redemption /Payment Not Applicable
Basis:

12.
Put/Call Options:
Not Applicable
13.
Status of the Notes:
Senior
14.
Date Board approval for issuance of Notes Not Applicable
2

obtained:

15.
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Note Provisions:
Applicable
Interest will only be paid on the Notes in the
circumstances set out in Schedule 1 and in the
event that those circumstances do not exist,
Noteholder(s) will not receive any interest and
interest will be deemed not to have accrued on the
Notes.
For the purposes of Condition 9(e), "principal" shall
not include any amount of interest.
(i)
Rate of Interest:
See Schedule 1.
(ii)
Interest Payment Date(s):
10 (ten) Business Days following each Observation
Date (including the Final Valuation Date).
(iii)
Fixed Coupon:
Not Applicable
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Not Applicable
(vi)
Other terms relating to the method of See Schedule 1.
calculated interest for Fixed Rate Notes:
17.
Floating Rate Note Provisions:
Not Applicable
18.
Zero Coupon Note Provisions:
Not Applicable
19.
Index/Credit Linked Note Provisions:
Not Applicable
20.
Dual Currency Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
21.
Redemption Amount:
See Schedule 1.
3

22.
Redemption at the option of the Issuer:
Not Applicable
23.
Redemption at the option of the Noteholders:
Not Applicable
24.
Tax Redemption Amount:
If the Notes are redeemed as a result of the Issuer
being required to pay Additional Amounts then the
Redemption Amount will be an amount equal to the
Early Redemption Amount.
25.
Optional Redemption Amount:
Not Applicable
26.
Optional Redemption Date:
Not Applicable
27.
Notice period for notice to the Noteholders in Not Applicable

the case of redemption at the option of the
Issuer:

28.
Notice period for redemption at the option of Not Applicable

the Noteholders:
29.
Minimum/Higher Redemption Amount:
Not Applicable
30.
Other Redemption details:
See Schedule 1.
31.
Final Redemption Amount of each Note:
The Redemption Amount
32.
Early Redemption Amount(s) of each Note Condition 7(i)(ii) will apply and the Early Redemption

payable on event of default or other early Amount will be, in respect of each nominal amount of

redemption and/or the method of calculating Notes equal to the Calculation Amount, the fair market

the same:
value of such Notes, less a pro rata share of the costs
of unwinding any related underlying hedging
arrangements, as determined by the Calculation Agent
on a day selected by the Calculation Agent which such
day must be at least 5 (five) Business Days prior to the
due date for early redemption. For the purposes of
determining the fair market value of the Notes in the
case of an event of default, the Issuer will be deemed
to be able to meet its obligations in full as these fall
due. In no circumstances will any amount of
interest be payable in respect of the Notes on an
early redemption of the Notes and interest will be
deemed to have ceased to accrue as of the previous
Interest Payment Date on which an amount of
interest was payable (or, if none, the Issue Date).
4

GENERAL PROVISIONS APPLICABLE TO THE NOTES
33.
Applicability of Condition 8(e):
Not Applicable
34.
Form of Notes:
Registered Notes
Unrestricted Global Note registered in the name of a
nominee for a common depositary for Euroclear,
Clearstream, Luxembourg
35.
New Global Note:
No
36.
Business Days:
London and New York
37.
Talons for future Coupons or Receipts to be No

attached to Definitive Notes (and dates on

which such Talons mature):
38.
Details relating to Partly Paid Notes: amount Not Applicable

of each payment comprising the Issue Price

and date on which each payment is to be

made and consequences (if any) of failure to

pay, including any right of the Issuer to

forfeit the Notes and interest due on late
payment:

39. Redenomination
applicable:

No
40. Exchangeability
applicable:
No
41.
Other final terms or special conditions:
See Schedule 1 and Annex 1 (Equity Linked
Conditions and Risk Factors).
LISTING AND ADMISSION TO TRADING APPLICATION
This Pricing Supplement comprises the final terms for the Notes described herein to be admitted to trading on
the Euro MTF Market of the Luxembourg Stock Exchange pursuant to the Euro Note Programme of UBS AG.
GOVERNING LAW
English Law

5

PLACE OF JURISDICTION
England
Signed on behalf of the Issuer
By:
Duly authorized

6

PART B - OTHER INFORMATION
1.
LISTING
(i)
Listing:
Luxembourg Stock Exchange

(ii)
Admission to trading:
Application has been made for Tranche 2 of the Notes
to be admitted to trading on the Luxembourg Stock
Exchange's Euro MTF Market with effect from 29
December 2015.

No guarantee is given that the Notes will be listed and
admitted to trading on the Issue Date.

Tranche 1 of the Notes was listed and admitted to
trading on the Euro MTF Market of the Luxembourg
Stock Exchange on 02 December 2015.
2.
RATINGS

Ratings:
The Notes will not be rated.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale" in the Base Listing Particulars, so far as the Issuer is

aware, no person involved in the offer of the Notes has an interest material to the offer.
4.
DISTRIBUTION
(i) If syndicated, names and address of Managers and Not Applicable
underwriting commitments:
(ii) If non-syndicated, name and address:
UBS Limited, 1 Finsbury Avenue, London EC2M
2PP, United Kingdom
(iii) Total commission and concession:
Not Applicable
U.S.
Selling
Restrictions:

Reg. S Compliance Category 2; TEFRA not
applicable
Additional Selling Restrictions:
Not Applicable
5.
RESPONSIBILITY STATEMENT AND THIRD PARTY INFORMATION

The Issuer accepts responsibility for the information contained in this Pricing Supplement.
7

6.
OPERATIONAL INFORMATION
ISIN: XS1323986585
Common Code: 132398658
Intended to be held in a manner which would allow No. Whilst the designation is specified as "no" at the
Eurosystem eligibility:
date of this Pricing Supplement, should the
Eurosystem eligibility criteria be amended in the
future such that the Notes are capable of meeting them
the Notes may then be deposited with one of the ICSDs
as common safekeeper. Note that this does not
necessarily mean that the Notes will then be
recognised as eligible collateral for Eurosystem
monetary policy and intraday credit operations by
the Eurosystem at any time during their life. Such
recognition will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
Any clearing system(s) and the relevant identification Euroclear Bank S.A./N.V./Clearstream Banking
number(s) (if applicable):
société anonyme
Delivery:
Delivery against payment
Name and addresses of additional Paying Agent(s) Not Applicable
(if any):

8

SCHEDULE 1
Terms used in this Schedule 1 and not otherwise defined have the meaning given in Paragraph 7 (Definitions) below
and the provisions of this Schedule 1 of the Pricing Supplement are subject to and should be read together with Annex
1, Part 1 (Equity Linked Conditions) to this Pricing Supplement. See also Annex 1, Part 2 (Risk Factors). Certain
specified payment and, if applicable, delivery dates may be delayed in accordance with the provisions of Annex 1,
Part 1 (Equity Linked Conditions).
1.
Contingent Interest Amount
Provided that the Notes have not previously been redeemed or purchased and cancelled:
(a)
if the Calculation Agent determines that, on an Observation Date(n), the Share Closing Price of each of the
Shares is equal to or greater than its respective Contingent Coupon Level then, in respect of each Note of a
nominal amount equal to the Calculation Amount, the Interest Amount determined by the Calculation Agent in
accordance with the following formula will be payable on the corresponding Interest Payment Date:
Interest Amount = [Calculation Amount x (Coupon Rate x n)] Aggregate Prior Interest Amount
or
(b)
otherwise, no amount of interest will be payable on such Interest Payment Date.
Coupon Rate means 4.20 per cent.
Aggregate Prior Interest Amount means in respect of a Note of a nominal amount equal to the Calculation Amount,
the sum of all Interest Amounts, if any, payable in respect of such Note in accordance with this paragraph 1 (Contingent
Interest Amount), prior to Observation Date(n).
2.
Mandatory Early Redemption
Provided that the Notes have not previously been redeemed or purchased and cancelled, if a Mandatory Early
Redemption Event has occurred with respect to an Observation Date:
(a)
the Notes will redeem early on the Mandatory Early Redemption Date;
(b)
the Mandatory Early Redemption Amount will be paid in respect of each Note of a nominal amount equal to
the Calculation Amount on the Mandatory Early Redemption Date; and
(c)
other than the amount of interest, if any, payable on the Interest Payment Date immediately following such
Observation Date pursuant to Paragraph 1 (Contingent Interest Amount) above, no further amount of interest
will be payable in respect of the Notes following such Interest Payment Date or, if no amount of interest is then
payable, the previous Interest Payment Date on which an amount of interest was payable (or, if none, the Issue
Date).
Mandatory Early Redemption Amount means the Calculation Amount.
Mandatory Early Redemption Date means the day that is 10 (ten) Business Days following the relevant Observation
Date (if applicable, as adjusted for Scheduled Trading Day or Disrupted Day reasons) on which a Mandatory Early
Redemption Event occurs.
A "Mandatory Early Redemption Event" will be deemed to occur if the Calculation Agent determines that, on any
Observation Date other than the Final Valuation Date, the Share Closing Price of each of the Shares is equal to or
greater than its respective Mandatory Early Redemption Level.
9

3.
Redemption Amount
Provided that the Notes have not previously been redeemed or purchased and cancelled, a Redemption Amount in
respect of each Note of a nominal amount equal to the Calculation Amount will be payable on the Maturity Date and
will be equal to the amount determined by the Calculation Agent in accordance with the following provisions as:
either
(a)
if a Knock-in Event has not occurred, the Calculation Amount;
or
(b)
if a Knock-in Event has occurred:
ShareFinal
i
n
Calculatio Amount × Min

i 1 to 4

=

al
ShareIniti i
A "Knock-in Event" will occur if the Calculation Agent determines that, on the Final Valuation Date, the
Share Closing Price of any Share is less than its respective Knock-in Level.
4.
Reference levels and dates
Contingent Coupon Level, Initial Level, Knock-in Level and Mandatory Early Redemption Level mean, in respect
of a Share, the level specified for such Share under the appropriate heading in the table below.

Sharei Share
Initial
Contingent
Mandatory
Knock-in
Currency
Level
Coupon
Early
Level
Level
Redemption
Level
Société Générale S.A.
EUR 44.23 35.38 44.23 30.96
(Bloomberg: GLE FP Equity) ("Share1")
BNP Paribas S.A.
EUR 56.51 45.21 56.51 39.56
(Bloomberg: BNP FP Equity) ("Share2")
BARCLAYS PLC
GBp 227.45 181.96 227.45 159.22
(Bloomberg: BARC LN Equity) ("Share3")
JPMorgan Chase & Co.
USD 66.13 52.90 66.13 46.29
(Bloomberg: JPM UN Equity) ("Share4")
Trade Date means 17 November 2015 with regard to Tranche 1 and 22 December 2015 with regard to Tranche 2.
Initial Valuation Date means 17 November 2015.

10