New Issue: UBS prices $808,000 buffered return enhanced notes linked to gold

By Susanna Moon

Chicago, Feb. 22 - UBS AG, Jersey Branch priced $808,000 of 0% buffered return enhanced notes due Feb. 28, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.33 times any gain in the price of gold, up to a maximum return of 13.3%.

Investors will receive par if the price of gold falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

UBS Investment Bank is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	UBS AG, Jersey Branch
Issue:	Buffered return enhanced notes
Underlying asset:	Gold
Amount:	$808,000
Maturity:	Feb. 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 133% of any gain in gold price, capped at 13.3%; par if gold declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
Initial level:	$1,723
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	UBS Investment Bank
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	90261JJA2

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