Published on 10/4/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.76 million two-year capped gears linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Oct. 4 – UBS AG, London Branch priced $1.76 million of 0% capped gears due Sept. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 5 times the index return, subject to a maximum return of 23%. If the index return is less than zero, investors will have full exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Capped gears
|
Underlying index: | Russell 2000
|
Amount: | $1,755,000
|
Maturity: | Sept. 30, 2019
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 5 times any index gain, capped at 23%; full exposure to any losses
|
Initial level: | 1,456.863
|
Pricing date: | Sept. 26
|
Settlement date: | Sept. 29
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90280X240
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.