Published on 3/9/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5 million capped buffer gears linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, March 9 – UBS AG, London Branch priced $5 million of 0% capped buffer gears due June 1, 2021 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 3.84 times any index gain, with the return capped at 19.2%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | Russell 2000
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Amount: | $5 million
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Maturity: | June 1, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at 19.82%; par if index falls by up to 20%; 1% loss for every 1% decline beyond buffer
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Initial level: | 1,533.172
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Downside threshold: | 1,226.53880% of initial level
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Pricing date: | March 5
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Settlement date: | March 8
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90280Y610
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