Published on 3/26/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.5 million capped buffer gears linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 26 – UBS AG, London Branch priced $1.5 million of 0% capped buffer gears due March 8, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any index gain, capped at par plus 40.6%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline of the index beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank LLC are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1.5 million
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Maturity: | March 8, 2024
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Coupon: | 0%
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Par | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 40.6%; par if index falls by up to 10%; 1% loss for every 1% decline of index beyond 10%
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Initial index level: | 3,669.54
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Threshold level: | 3,302.59, 90% of initial level
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Pricing date: | March 5
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Settlement date: | March 10
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0%
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Cusip: | 90276BTT0
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