New Issue: UBS prices $10.72 million buffered return enhanced notes on Brent crude

By Susanna Moon

Chicago, June 19 - UBS AG, London Branch priced $10.72 million of 0% buffered return enhanced notes due June 27, 2013 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.76 times any gain in the price of Brent crude oil, up to a maximum return of 17.6%.

Investors will receive par if the Brent crude falls by up to 15% and will be fully exposed to declines if the price of crude drops by more than 15%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffered return enhanced notes
Underlying commodity:	Brent crude oil
Amount:	$10,716,000
Maturity:	June 27, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 176% of any gain in Brent crude, capped at 17.6%; par if crude falls by 15% or more; full exposure to losses if price drops beyond 15%
Initial level:	$97.61
Pricing date:	June 15
Settlement date:	June 20
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	902674JC5

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