New Issue: UBS prices $9.61 million capped gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – UBS AG, London Branch priced $9.61 million of 0% capped gears due Oct. 29, 2021 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The indexes are the S&P MidCap 400 index and the Russell 2000 index.

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 17.55%. 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:	S&P MidCap 400 index and Russell 2000 index; equally weighted
Amount:	$9.61 million
Maturity:	Oct. 29, 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 17.55% maximum return; one-to-one exposure to any basket decline
Initial levels:	1,928.63 for MidCap, 1,560.193 for Russell
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281M268

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