New Issue: UBS prices $6.3 million of Gears tied to Brent Crude Oil Futures

By William Gullotti

Buffalo, N.Y., Feb. 12 – UBS AG, London Branch priced $6.3 million of 0% Gears due Jan. 29, 2025 linked to the performance of a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.825 times any gain of the commodity.

Investors will be fully exposed to any decline of the commodity.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Gears
Underlying commodity:	Brent Crude Oil Futures Contract
Amount:	$6.3 million
Maturity:	Jan. 29, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If commodity gains, par plus 1.825 times return of the commodity; otherwise, 1% loss for every 1% that the commodity declines from initial level
Initial level:	$80.06
Strike date:	Jan. 22
Pricing date:	Jan. 23
Settlement date:	Jan. 26
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90301Q877

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