UBS plans contingent buffer notes with 75% barrier tied to Brent crude

By Marisa Wong

Madison, Wis., July 2 - UBS AG, London Branch plans to price 0% contingent buffer enhanced notes due July 18, 2013 linked to Brent crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the price of Brent crude finishes at or above the 75% barrier level, the payout at maturity will be par plus the greater of the asset return and a contingent minimum return of 10.5%, subject to a maximum return. The cap will be at least 10.5% and will be set at pricing.

Otherwise, investors will be fully exposed to any losses.

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

The notes (Cusip: 902674JH4) will price on July 6 and settle on July 11.

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