New Issue: UBS prices $5.7 million capped airbag gears linked to S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 6 – UBS AG, London Branch priced $5.7 million of 0% capped airbag gears due Oct. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 16.6%.

If the index return is zero or negative and the final index level is greater than or equal to the downside threshold, 82.5% of the initial level, the payout will be par.

If the final index level is less than the downside threshold, investors will lose 1.2121% loss for each 1% that the index declines beyond 17.5%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying index:	S&P 500 index
Amount:	$5,695,000
Maturity:	Oct. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times index return, subject to maximum return of 16.6%; if index return is zero or negative and final index level is greater than or equal to downside threshold, par; if final index level is less than downside threshold, 1.2121% loss for each 1% that index declines beyond 17.5%
Initial level:	4,786.35
Downside threshold:	3,948.74; 82.5% of initial level
Strike date:	Dec. 28
Pricing date:	Dec. 29
Settlement date:	Jan. 3
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90279DTF3

© 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.