UBS plans capped gears due 2017 linked to Russell 2000 index

By Marisa Wong

Morgantown, W.Va., Aug. 12 – UBS AG, London Branch plans to price 0% capped gears due Oct. 31, 2017 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 triple any index gain, up to a maximum return of 15% to 18%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes are expected to price Aug. 26 and settle on Aug. 31.

The Cusip number is 90275Y187.

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