New Issue: UBS prices $4.84 million capped gears linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Dec. 5 – UBS AG, London Branch priced $4.84 million of 0% capped gears due Jan. 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 plus 300% of any index gain, subject to a maximum return of par plus 26.61%.

Otherwise, investors will be fully exposed to any index decline.

UBS Securities LLC and UBS Investment Bank LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	Russell 2000 index
Amount:	$4,835,050
Maturity:	Jan. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to a maximum return of par plus 26.61%; otherwise, 1% for every 1% decline of index from initial level
Initial index level:	1,830.964
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90289V690

© 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.