New Issue: UBS prices $8.79 million capped gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 1 – UBS AG, London Branch priced $8.79 million of 0% capped gears due July 31, 2024 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 300% of any index gain, subject to a maximum return of par plus 17.25%.

Otherwise, investors will be fully exposed to any index decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	S&P 500 index
Amount:	$8,786,820
Maturity:	July 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, up to a maximum return of par plus 17.25%; otherwise, 1% for every 1% decline of index from initial level
Initial index level:	4,151.28
Pricing date:	May 25
Settlement date:	May 31
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90289X456

© 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.