New Issue: UBS sells $19.08 million buffered return enhanced notes tied to S&P 500

By Susanna Moon

Chicago, July 17 - UBS AG, London Branch priced $19.08 million of 0% buffered return enhanced notes due July 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12.6%.

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

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$19,082,000
Maturity:	July 31, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 12.6%; par if index falls by 10% or more; 1.1111% loss per 1% drop beyond 10%
Initial level:	1,356.78
Pricing date:	July 13
Settlement date:	July 18
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	902674KY5

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