New Issue: UBS prices $10.69 million of 0% gold participation notes due 2013

By Marisa Wong

Madison, Wis., March 19 - UBS AG, Jersey Branch priced $10.69 million of 0% gold participation notes due March 28, 2013 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any percentage increase in the price of gold, subject to a maximum return of 16.5%. Investors will receive par if the price of gold falls by up to 15% and will be exposed to losses from the initial price if it falls by more than 15%.

UBS Investment Bank is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will handle distribution.

Issuer:	UBS AG, Jersey Branch
Issue:	Gold participation notes
Underlying asset:	Gold
Amount:	$10,691,000
Maturity:	March 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in gold price, return capped at 16.5%; par if gold price falls by up to 15% and full exposure to losses if it falls by more than 15%
Initial price:	$1,658.00
Trigger price:	$1,409.30, 85% of initial price
Pricing date:	March 16
Settlement date:	March 21
Agents:	UBS Investment Bank, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	90261JJG9

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