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UBS plans three-year capped trigger gears on Financial Select SPDR
By Susanna Moon
Chicago, June 1 – UBS AG, London Branch plans to price 0% capped trigger gears due June 28, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 33% to 37%.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% trigger level.
UBS Financial Services Inc. is the agent.
The notes will price on June 27 and settle on June 30.
The Cusip number is 90275R653.
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