New Issue: UBS prices $2 million capped buffer gears tied to Russell 2000, S&P 500

By Susanna Moon

Chicago, Aug. 24 – UBS AG, London Branch priced $2 million of 0% capped buffer gears due Oct. 19, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 94% strike threshold, the payout at maturity will be par plus 2.0334 times the gain of the worse performing index less an adjustment factor of 0.94, up to a maximum return of 61%.

Investors will receive par if the index falls by up to between 6% and 16% and will be exposed to any losses beyond 16%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying indexes:	Russell 2000, S&P 500
Amount:	$2 million
Maturity:	Oct. 19, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains or falls by up to 6%, par plus 2.0334 times return of worse performing index less an adjustment factor of 0.94, capped at par plus 61%; par if each index declines by 6% to 16% or less; exposure to any decline beyond 16%
Initial levels:	1,356.905 for Russell, 2,428.37 for S&P
Pricing date:	Aug. 21
Settlement date:	Aug. 24
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.4%
Cusip:	90280X166

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