New Issue: UBS prices $3.58 million trigger gears due 2024 on Alerian MLP

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – UBS AG, London Branch priced $3.58 million of 0% trigger gears due Dec. 31, 2024 linked to the Alerian MLP ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the 2.28 times any gain of the ETF.

If the ETF falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the ETF declines below the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying ETF:	Alerian MLP
Amount:	$3,582,000
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF gains, par plus the 2.28 times return of the ETF; if the ETF falls by up to 25%, par; otherwise, 1% loss for every 1% that the ETF declines below the initial level
Initial level:	$8.71
Downside threshold:	$6.53, 75% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90281F784

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