UBS plans to price one-year gold participation notes via JPMorgan

By Jennifer Chiou

New York, June 18 - UBS AG, Jersey Branch plans to price 0% participation notes due July 5, 2013 linked to the spot price of gold, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the price of gold, subject to a maximum return of 27.5%.

Investors will receive par if the price of gold falls by up to 15% and will be exposed to losses from the initial level if it falls by more than 15%.

The notes (Cusip: 90261JKG7) are expected to price on June 22 and settle on June 27.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.

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