New Issue: UBS prices $4.97 million contingent buffer enhanced notes linked to Brent crude oil

By Angela McDaniels

Tacoma, Wash., June 5 - UBS AG, London Branch priced $4.97 million of 0% contingent buffer enhanced notes due Dec. 6, 2012 linked to Brent crude oil futures contracts as traded on IntercontinentalExchange's ICE Futures Europe, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of Brent crude oil futures contracts is greater than or equal to the barrier level, the payout at maturity will be par plus the greater of 3.75% and the asset return, subject to a maximum return of 10%. The barrier level is 80% of the initial price.

If the final price is less than the barrier level, investors will be fully exposed to the decline.

UBS Investment Bank is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	UBS AG, London Branch
Issue:	Contingent buffer enhanced notes
Underlying commodity:	Brent crude oil futures contracts as traded on IntercontinentalExchange's ICE Futures Europe
Amount:	$4,965,000
Maturity:	Dec. 6, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of Brent crude oil futures contracts is greater than or equal to barrier level, par plus greater of 3.75% and asset return, subject to maximum return of 10%; if final price is less than barrier level, full exposure to decline
Initial oil price:	$98.43
Barrier price:	$78.744, 80% of initial price
Pricing date:	June 1
Settlement date:	June 6
Underwriter:	UBS Investment Bank
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	902674HW3

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