UBS plans to price gold participation notes due 2013 via JPMorgan

By Jennifer Chiou

New York, July 16 - UBS AG, Jersey Branch plans to price 0% participation notes due July 31, 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 21%.

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: 90261JKL6) are expected to price on July 20 and settle on July 25.

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

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