New Issue: UBS prices $6.33 million capped gears linked to weighted index basket

By William Gullotti

Buffalo, N.Y., Sept. 6 – UBS AG, London Branch priced $6.33 million of 0% capped gears due Oct. 31, 2024 linked to a weighted index basket, 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 Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par plus three times the basket return, subject to a maximum return of par plus 23.1%.

Investors will be fully exposed to any basket 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 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$6,331,480
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, subject to 23.1% maximum return; otherwise, full exposure to basket decline from initial level
Initial levels:	4,326.47 for Stoxx, 32,226.97 for Nikkei, 7,464.99 for FTSE, 11,106.24 for Swiss Market, 7,210.46 for S&P/ASX
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90289Y496

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