Published on 9/12/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.42 million capped gears linked to Russell 2000
Chicago, Sept. 12 – UBS AG, London Branch priced $6.42 million of 0% capped gears due Oct. 31, 2024 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus three times any index gain up to a maximum payout of par plus 20.35%.
Investors will have full exposure to any index loss.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped gears
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Underlying index: | Russell 2000 index
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Amount: | $6,420,130
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus three times gain up to par plus 20.35%; otherwise, full exposure to loss
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Initial level: | 1,869.007
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289Y488
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