Published on 12/5/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $6.85 million 14-month capped gears linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Dec. 5 – UBS AG, London Branch priced $6.85 million of 0% capped gears due Jan. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum gain of 14.1%. If the index return is less than zero, investors will have full exposure to the 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 index: | Russell 2000
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Amount: | $6,852,300
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Maturity: | Jan. 31, 2019
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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 index gain, capped at par plus 14.1%; full exposure to any losses
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Initial level: | 1,513.309
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90280X588
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