New Issue: UBS prices $465,000 capped gears linked to index basket

By Kiku Steinfeld

Chicago, June 5 – UBS AG, London Branch priced $465,000 of 0% capped gears due July 30, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 20.01%. If the basket return is negative, investors will have one-to-one exposure to the decline.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$465,000
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, subject to 20.01% maximum return; one-to-one exposure to any basket decline
Initial levels:	3,051.08 for Stoxx, 6,144.25 for FTSE, 21,419.23 for Nikkei, 9,716.52 for Swiss, 5,775.011 for S&P/ASX, 23,301.36 for Hang Seng
Pricing date:	May 27
Settlement date:	May 29
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281J752

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