New Issue: UBS sells $1.13 million capped buffer gears linked to Dow

By Taylor Fox

New York, Jan. 28 – UBS AG, London Branch priced $1.13 million of 0% capped buffer gears due July 27, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain, capped at par plus 10%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	Dow Jones industrial average
Amount:	$1,125,000
Maturity:	July 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 10%; par if index falls by up to 10%; 1% loss for every 1% decline beyond buffer
Initial level:	30,996.98
Downside threshold:	27,897.28, 90% of initial level
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90276BNC3

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