New Issue: UBS prices $5.97 million capped gears linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Nov. 29 – UBS AG, London Branch priced $5.97 million of 0% capped gears due Jan. 31, 2025 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 triple any index gain, capped at par plus 20%.

Investors be fully exposed to any index decline.

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:	$5,970,200
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 20%; otherwise, full exposure to loss
Initial level:	1,801.154
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90301Q323

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