New Issue: UBS prices $750,000 return enhanced notes linked to Chinese renminbi

By Susanna Moon

Chicago, Jan. 29 - UBS AG, London Branch priced $750,000 of 0% return enhanced notes due Feb. 6, 2014 linked to the offshore Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 4.2 times any currency gain.

Investors will be exposed to any losses.

UBS Investment Bank is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as the placement agents.

Issuer:	UBS AG, London Branch
Issue:	Return enhanced notes
Underlying currency:	Offshore Chinese renminbi relative to the dollar
Amount:	$750,000
Maturity:	Feb. 6, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 4.2 times any currency gain; exposure to losses
Initial spot rate:	6.2148
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Underwriter:	UBS Investment Bank with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	90261JLC5

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