New Issue: UBS prices $589,000 buffer gears linked to S&P, Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – UBS AG, London Branch priced $589,000 of 0% buffer gears due Feb. 9, 2023 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 1.16 times the gain of the least performing index.

If the least performing index finishes at or below its initial level but at or above its 90% downside threshold, the payout will be par.

Investors will be exposed to any decline of the least performing index beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffer gears
Underlying indexes:	Russell 2000, S&P 500, Dow Jones industrial average
Amount:	$589,000
Maturity:	Feb. 9, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains, par plus 1.16 times the gain of the least performing index; if the least performing index finishes at or below its initial level but at or above its downside threshold, par; exposure to any decline of least performing index beyond 10%
Initial levels:	2,247.761 for Russell, 4,436.52 for S&P, 35,208.51 for Dow
Downside thresholds:	2,022.985 for Russell, 3,992.87 for S&P, 31,687.66 for Dow; 90% of initial levels
Pricing date:	Aug. 6
Settlement date:	Aug. 11
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279DCM6

© 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.