New Issue: UBS sells $4.1 million capped buffer gears due 2020 linked to S&P 500

By Sarah Lizee

Olympia, Wash., July 31 – UBS AG, London Branch priced $4.1 million of 0% capped buffer gears due July 30, 2020 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 double any index gain, up to a maximum return of 16.7%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$4,098,250
Maturity:	July 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 2 times the index return, capped at par plus 16.7%; par if the index declines by 10% or less; exposure to any decline in the index beyond 10%
Initial level:	2,837.44
Downside threshold:	2,553.70, 90% of initial level
Pricing date:	July 26
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281A587

© 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.