Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.99 million two-year capped buffer gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 6 – UBS AG, London Branch priced $1.99 million of 0% capped buffer gears due Oct. 31, 2019 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 double any index gain, up to a maximum return of 13.8%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | S&P 500
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Amount: | $1,985,000
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Maturity: | Oct. 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 2 times the index return, capped at par plus 13.8%; par if the index declines by 10% or less; exposure to any decline in the index beyond 10%
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Initial level: | 2,560.40
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Downside threshold: | 2,304.36, 90% of initial level
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Pricing date: | Oct. 26
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Settlement date: | Oct. 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: | 90280X380
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