New Issue: UBS prices $5.45 million capped gears on SPDR Gold Trust

By Kiku Steinfeld

Chicago, Oct. 26 – UBS AG, London Branch priced $5.45 million of 0% capped gears due Dec. 22, 2021 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, subject to a maximum return of 17.4%. If the ETF return is negative, investors will have one-to-one exposure to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying ETF:	SPDR Gold Trust
Amount:	$5,448,600
Maturity:	Dec. 22, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is greater than zero, par plus 3 times ETF return, subject to 17.4% maximum return; one-to-one exposure to any ETF decline
Initial ETF level:	$178.30
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281M706

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