Published on 10/3/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.75 million capped trigger gears linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Oct. 3 – UBS AG, London Branch priced $4.75 million of 0% capped trigger gears due Sept. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus double the gain, up to a maximum return of 33.66%. If the index declines by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Capped trigger gears
|
Underlying index: | Russell 2000
|
Amount: | $4,751,400
|
Maturity: | Sept. 30, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus double any index gain, up to a maximum return of 33.66%; par if the index falls by up to 25%; full exposure to any losses if the index finishes below the 75% downside threshold level
|
Initial level: | 1,246.381
|
Downside threshold: | 934.786, 75% of initial level
|
Pricing date: | Sept. 27
|
Settlement date: | Sept. 30
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.5%
|
Cusip: | 90275Y310
|
|
© 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.