New Issue: UBS prices $705,000 return optimization securities linked to gold

By Toni Weeks

San Luis Obispo, Calif., March 12 - UBS AG, Jersey Branch priced $705,000 of 0% return optimization securities due March 14, 2016 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any increase in the price of gold, up to a maximum return of 36.6%.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, Jersey Branch
Issue:	Return optimization securities
Underlying commodity:	Gold
Amount:	$705,000
Maturity:	March 14, 2016
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 150% of any gain in price of gold, capped at 36.6%; full exposure to any losses
Initial price:	$1,581.75
Pricing date:	March 8
Settlement date:	March 13
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	902669563

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