Published on 7/28/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.18 million capped gears due 2017 linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 28 – UBS AG, London Branch priced $5.18 million of 0% capped gears due Sept. 29, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.51%.
Investors will be exposed to any losses.
UBS Financial Services Inc. is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped gears
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Underlying index: | S&P 500
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Amount: | $5,177,780
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Maturity: | Sept. 29, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at 12.51%; full exposure to losses
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Initial index level: | 2,169.18
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Pricing date: | July 26
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Settlement date: | July 29
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Fees: | 2%
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Cusip: | 90275R844
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