Correction: UBS contingent buffer enhanced notes linked to Brent crude to mature Dec. 6, 2012

A story in the May 30 edition of the Prospect News Structured Products Daily incorrectly reported the maturity date of UBS AG, Jersey Branch's upcoming issue of contingent buffer enhanced notes linked to ICE-Trade Brent crude oil futures contracts. A corrected version of the story follows.

By Toni Weeks

San Diego, May 30 - UBS AG, Jersey Branch plans to price 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 an FWP filing with the Securities and Exchange Commission.

If the price of Brent crude futures contracts finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of the 3.75% contingent minimum return and any price gain, up to a maximum return of 10%.

If the price finishes below the barrier level, investors will be fully exposed to the losses.

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

The notes will price on June 1 and settle on June 6.

The Cusip number is 902674HW3.

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