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UBS to price capped gears due 2021 tied to Consumer Staples Select
By Sarah Lizee
Olympia, Wash., Nov. 22 – UBS AG, London Branch plans to price 0% capped gears due Jan. 29, 2021 linked to the Consumer Staples Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus three times the ETF return, subject to a maximum return of 12.75% to 14.75%. If the ETF return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price on Nov. 25.
The Cusip number is 90281F289.
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