UBS plans three-year trigger gears with leverage, cap tied to S&P 500

By Susanna Moon

Chicago, Dec. 13 – UBS AG, London Branch plans to price 0% capped trigger gears due Dec. 31, 2019 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 of $10 plus double any index gain, up to a maximum return of 29% to 33%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

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

The notes will price on Dec. 27 and settle on Dec. 30.

The Cusip number is 90280M152.

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