Published on 12/31/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.61 million three-year capped trigger gears on Russell 2000
By Sarah Lizee
Olympia, Wash., Dec. 31 – UBS AG, London Branch priced $5.61 million of 0% capped trigger gears due Dec. 31, 2021 linked to the Russell 2000 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 par plus 37%.
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: | Russell 2000
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Amount: | $5,606,250
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Maturity: | Dec. 31, 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 par plus 37%; par if index falls by up to 25%; otherwise, full exposure to losses
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Initial index level: | 1,329.811
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Downside threshold: | 997.358, 75% of initial level
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Pricing date: | Dec. 26
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Settlement date: | Dec. 31
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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: | 90281B700
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