New Issue: UBS sells $6.85 million 14-month capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 5 – UBS AG, London Branch priced $6.85 million of 0% capped gears due Jan. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum gain of 14.1%. If the index return is less than zero, investors will have full exposure to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	Russell 2000
Amount:	$6,852,300
Maturity:	Jan. 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, capped at par plus 14.1%; full exposure to any losses
Initial level:	1,513.309
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90280X588

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.