Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.79 million capped gears due 2019 on Financial Select
By Sarah Lizee
Olympia, Wash., May 29 – UBS AG, London Branch priced $2.79 million of 0% capped gears due July 31, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 3 times the ETF return, subject to a maximum gain of 16.32%. If the ETF 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
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Issue: | Capped gears
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Underlying ETF: | Financial Select Sector SPDR fund
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Amount: | $2,791,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 16.32%; full exposure to any losses
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Initial value: | $27.85
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Pricing date: | May 25
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Settlement date: | May 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90281A249
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