New Issue: UBS prices $3.6 million capped trigger gears tied to Russell 2000

By William Gullotti

Buffalo, N.Y., Jan. 3 – UBS AG, London Branch priced $3.6 million of 0% capped trigger gears due Dec. 31, 2024 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 double any gain of the index, capped at par plus 31.15%.

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
Issue:	Capped trigger gears
Underlying index:	Russell 2000 index
Amount:	$3,596,630
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus two times return of the index, capped at par plus 31.15%; 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:	2,246.505
Downside threshold:	1,684.879; 75% of initial level
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90285D470

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.