UBS plans to price gold participation notes due 2013

By Angela McDaniels

Tacoma, Wash., June 4 - UBS AG, Jersey Branch plans to price 0% gold participation notes due June 20, 2013 linked to the spot price of gold, according to an FWP 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 at least 26.5%. The exact maximum return will be set at pricing. 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%.

The notes (Cusip: 90261JKD4) are expected to price June 8 and settle June 13.

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

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