UBS plans capped market plus notes with 80% barrier tied to palladium

By Susanna Moon

Chicago, April 12 - UBS AG, Jersey Branch plans to price 0% capped market plus notes due April 25, 2013 linked to palladium, according to an FWP with the Securities and Exchange Commission.

If the price of palladium finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of the 8% contingent minimum return and any price gain, up to a maximum return of at least 17%. The exact cap will be set at pricing.

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

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

The notes will price on April 13 and settle on April 18.

The Cusip number is 90261JJU8.

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