Published on 10/4/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $224,000 capped trigger gears due 2023 tied to Russell
By Sarah Lizee
Olympia, Wash., Oct. 4 – UBS AG, London Branch priced $224,000 of 0% capped trigger gears due March 27, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the 1.5 times any gain of the index, capped at par plus 45.75%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped trigger gears
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Underlying index: | Russell 2000
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Amount: | $224,000
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Maturity: | March 27, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus the 1.5 times return of the index, capped at par plus 45.75%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
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Initial level: | 1,559.765
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Downside threshold: | 1,169.824, 75% of initial level
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Pricing date: | Sept. 20
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Settlement date: | Sept. 27
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | None
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Cusip: | 90270KL80
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