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These structured products are generally designed for investors who can tolerate downside market risk. We obtained the closing prices below based from Bloomberg, without independent verification. UBS will not pay you the contingent coupon for any observation date on which the closing price of the underlying stock is less than the coupon barrier. Third Observation Date. As a result, the return on an investment in the Securities could be less than the return on a direct investment in the underlying stock. The United States federal income tax consequences of your investment in the Securities are uncertain.





Initial Price.

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You understand and accept that you will not participate in any appreciation in the price of the underlying stock and that your potential return is limited to the contingent coupon payments specified in this pricing supplement. Automotive and Financial Services. We and our affiliates may act as a principal, agent or dealer in connection with the sale of the Securities. If the Securities are not called and the final price is less than the trigger price, UBS will pay you a cash payment on the maturity date of less than the principal amount, if anything, resulting in a loss on your initial investment that is proportionate to the negative underlying return, for an amount equal to: Alternatively, UBS will arrange to send you these documents if you so request by calling toll-free








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