New Issue: UBS prices $2.9 million capped gears linked to S&P

By Kiku Steinfeld

Chicago, Oct. 25 – UBS AG, London Branch priced $2.9 million of 0% capped gears due Sept. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus three times any index gain, up to a maximum return of par plus 11.91%.

Otherwise, investors will receive 1% for every 1% decline of the index.

UBS Securities LLC and UBS Investment Bank LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$2,899,830
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, up to a maximum return of par plus 11.91%; otherwise, 1% for every 1% decline of index
Initial index level:	4,401.46
Pricing date:	July 27
Settlement date:	July 30
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90279B472

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