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UBS plans to sell capped gears due 2018 linked to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Sept. 27 – UBS AG plans to price 0% capped gears due Dec. 3, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 20% to 21%. The exact cap will be set at pricing.
Investors will receive par if the index finishes at its initial level.
If the index return is negative, investors will lose 1% for each 1% decline.
UBS Securities LLC and UBS Investment Bank are the bookrunners.
The notes (Cusip: 90280X356) will price on Sept. 28 and settle on Oct. 3.
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