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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
Issue:Capped gears
Underlying index:Russell 2000 index
Amount:$6,420,130
Maturity:Oct. 31, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus three times gain up to par plus 20.35%; otherwise, full exposure to loss
Initial level:1,869.007
Pricing date:Aug. 28
Settlement date:Aug. 31
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:2%
Cusip:90289Y488

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