UBS plans five-year trigger gears with no cap on Energy Select SPDR

By Susanna Moon

Chicago, June 1 – UBS AG, London Branch plans to price 0% trigger gears due June 30, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.3 times to 1.4 times any fund gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% trigger level.

UBS Financial Services Inc. is the agent.

The notes will price on June 27 and settle on June 30.

The Cusip number is 90275R679.

© 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.