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Published on 10/10/2019 in the Prospect News Structured Products Daily.

New Issue: UBS prices $2.18 million capped PLUS due 2021 linked to Russell

By Sarah Lizee

Olympia, Wash., Oct. 10 – UBS AG, London Branch priced $2.18 million of 0% capped Performance Leveraged Upside Securities due Jan. 5, 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 triple any gain in the index, up to a maximum return of 16.08%.

Investors will be exposed to any losses.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:UBS AG, London Branch
Issue:Capped Performance Leveraged Upside Securities
Underlying index:Russell 2000
Amount:$2,184,490
Maturity:Jan. 5, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 16.08%; 1% loss for each 1% decline
Initial level:1,523.373
Pricing date:Sept. 30
Settlement date:Oct. 3
Agent:UBS Securities LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:90281E340

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