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UBS plans to price capped gears due 2020 linked to index basket
By Sarah Lizee
Olympia, Wash., June 17 – UBS AG, London Branch plans to price 0% capped gears due Aug. 31, 2020 linked to a basket consisting 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, according to a 424B2 filing with the Securities and Exchange Commission.
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 20.8% to 22.8%. 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.
The notes will price on June 28.
The Cusip number is 90281D391.
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