New Issue: UBS prices $2 million capped buffer gears tied to Russell 2000, S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – UBS AG, London Branch priced $2 million of 0% capped buffer gears due May 22, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 88% strike threshold, the payout at maturity will be par plus 1.335 times the gain of the worse performing index less an adjustment factor of 0.88, up to a maximum return of 53.4%.

Investors will be exposed to losses beyond 12%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying indexes:	Russell 2000, S&P 500
Amount:	$2 million
Maturity:	May 22, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains or falls by up to 12%, par plus 1.335 times return of worse performing index less an adjustment factor of 0.88, capped at par plus 53.4%; exposure to any decline beyond 12%
Initial levels:	1,320.370 for Russell, 2,260.824 for S&P
Pricing date:	Oct. 24
Settlement date:	Oct. 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90280X521

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