New Issue: UBS prices $4.04 million buffered return optimization notes tied to Gold Miners fund

By Susanna Moon

Chicago, Feb. 28 - UBS AG, London Branch priced $4.04 million of buffered return optimization securities due Feb. 28, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 29.9%.

Investors will receive par if the shares fall by up to 15% and will lose 1% for every 1% drop in the index beyond 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying fund:	Market Vectors Gold Miners ETF
Amount:	$4,042,400
Maturity:	Feb. 28, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any fund gain, capped at 29.9%; par for losses up to 15%; 1% loss for every 1% drop beyond 15%
Initial level:	$56.46
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	9026M0218

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