Published on 1/30/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $7.19 million capped gears linked to oil and gas fund
By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – UBS AG, London Branch priced $7.19 million of 0% capped gears due March 29, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum return of 27%.
Investors will be fully exposed to any ETF decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped gears
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Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production
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Amount: | $7,191,500
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any ETF gain, capped at 27%; full exposure to any losses
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Initial level: | $41.80
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90280M350
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