New Issue: UBS sells $900,000 trigger gears tied to S&P, Dow, Nasdaq

By William Gullotti

Buffalo, N.Y., June 21 – UBS AG, London Branch priced $900,000 of 0% trigger gears due June 19, 2025 linked to the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 1.55 times the lesser performing index return.

If any index falls by up to 30%, the payout will be par.

Investors will lose 1% for every 1% decline of the lesser performing index from its initial level if it finishes below the 70% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying index:	Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:	$900,000
Maturity:	June 19, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 1.55 times the lesser performing index return; if any index falls by up to downside threshold, par; otherwise, 1% loss for every 1% decline of the lesser performing index from its initial level
Initial index level:	34,033.67 for Dow, 4,223.7 for S&P, 13,983.01 for Nasdaq
Downside threshold:	23,823.57 for Dow, 2,956.59 for S&P, 9,788.11 for Nasdaq; 70% of initial level
Pricing date:	June 16
Settlement date:	June 21
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.5%
Cusip:	90276BU50

© 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.