Published on 8/21/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $781,900 three-year capped trigger gears tied to Russell 2000
By Marisa Wong
Los Angeles, Aug. 21 – UBS AG, London Branch priced $781,900 of 0% capped trigger gears due Aug. 17, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the 2 times any gain of the index, capped at par plus 30%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped trigger gears
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| Underlying index: | Russell 2000 index
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| Amount: | $781,900
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| Maturity: | Aug. 17, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus 2 times return of the index, capped at par plus 30%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
|
| Initial level: | 1,579.787
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| Downside threshold: | 1,184.840, 75% of initial level
|
| Pricing date: | Aug. 13
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| Settlement date: | Aug. 18
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90281K775
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