UBS to price semiannual review notes linked to Brazilian real

By Jennifer Chiou

New York, July 16 - UBS AG, Jersey Branch plans to price semiannual review notes due Jan. 27, 2014 linked to the performance of the dollar relative to the Brazilian real, according to an FWP with the Securities and Exchange Commission.

If the currency return is greater than zero on any of the semiannual observation dates beginning on Jan. 22, 2013, the notes will be called. The redemption amount will be par plus 9.2% if the notes are called on the first observation date, par plus 18.4% if called on July 22, 2013 or at par plus 27.6% if called on Jan. 27, 2014.

The payout at maturity will be par if the currency return is at least 80% of the initial level. Investors will share in losses.

The notes (Cusip: 90261JKM4) 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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