Published on 3/17/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4 million capped gears linked to S&P
By Wendy Van Sickle
Columbus, Ohio, March 17 – UBS AG, London Branch priced $4 million of 0% capped gears due April 28, 2022 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 three times any index gain, up to a maximum return of par plus 14.01%.
Otherwise, investors will receive 1% for every 1% decline of the index.
UBS Securities LLC and UBS Investment Bank LLC are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped gears
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Underlying index: | S&P 500
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Amount: | $3,999,000
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Maturity: | April 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times any index gain, up to a maximum return of par plus 14.01%; otherwise, 1% for every 1% decline of index
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Initial index level: | 3,881.37
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Pricing date: | Feb. 24
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Settlement date: | Feb. 26
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 2.35%
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Cusip: | 90276BRP0
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