New Issue: UBS prices $1.91 million trigger optimization securities linked to gold

By Marisa Wong

Madison, Wis., Nov. 29 - UBS AG, Jersey Branch priced $1.91 million of 0% trigger optimization securities due Nov. 28, 2014 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the gold return is positive, the payout at maturity will be par plus the return, subject to a maximum return of 20%.

If the gold return is zero or negative and the final spot price is at least 80% of the initial price, the payout will be par. Otherwise, investors will share fully in losses.

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

Issuer:	UBS AG, Jersey Branch
Issue:	Trigger optimization securities
Underlying asset:	Gold
Amount:	$1,907,000
Maturity:	Nov. 28, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If gold return is positive, par plus return, capped at 20%; if final spot price is at least 80% of initial price, par; otherwise, investors will share fully in losses
Initial spot price:	$1,742.20
Trigger spot price:	$1,393.76, 80% of initial price
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	902669514

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