The 2012 Elimination Chamber (known as No Way Out in Germany) was the third Elimination Chamber professional wrestling pay-per-view (PPV) event produced by WWE. It took place on February 19, 2012, at the Bradley Center in Milwaukee, Wisconsin.

Six matches were contested at the event, five of which were broadcast on the pay-per-view while the other was a dark match. In the main event, John Cena defeated Kane in an Ambulance match. There were two matches contested inside the Elimination Chamber. In the first, which opened the show, CM Punk defeated The Miz, Chris Jericho, Kofi Kingston, Dolph Ziggler, and R-Truth to retain the WWE Championship, while in the second, Daniel Bryan defeated Santino Marella, Wade Barrett, Cody Rhodes, Big Show, and The Great Khali to retain the World Heavyweight Championship.

The event garnered 178,000 pay-per-view buys, down from 199,000 buys the previous year's event received.