Published on 10/1/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.73 million three-year capped trigger gears tied to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 1 – UBS AG, London Branch priced $5.73 million of 0% capped trigger gears due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at $13.03 per $10 security.
If the index falls by up to 25%, the payout will be par.
Investors will lose 1% for every 1% decline below the initial level if the index finishes below the 75% downside threshold.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped trigger gears
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Underlying index: | S&P 500
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Amount: | $5,730,930
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Maturity: | Sept. 30, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at $13.03 per security; par if index falls by up to 25%; otherwise, full exposure to losses
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Initial index level: | 2,915.56
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Downside threshold: | 2,186.67, 75% of initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90281B254
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