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Published on 5/30/2012 in the Prospect News Structured Products Daily.

New Issue: UBS prices $3 million buffered return optimization securities tied to Gold Miners ETF

By Toni Weeks

San Diego, May 30 - UBS AG, London Branch priced $3 million of 0% buffered return optimization securities due May 30, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the fund price, up to a maximum return of 30.25%.

Investors will receive par if shares fall by up to 15% and will lose 1% for every 1% decline beyond 15%.

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

Issuer:UBS AG, London Branch
Issue:Buffered return optimization securities
Underlying fund:Market Vectors Gold Miners ETF
Amount:$3,003,000
Maturity:May 30, 2014
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any fund gain, capped at 30.25%; par for losses up to 15%; 1% loss for every 1% drop beyond 15%
Initial level:$44.91
Pricing date:May 25
Settlement date:May 31
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:2%
Cusip:90268U259

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