Published on 7/16/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.89 million 14-month capped gears linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., July 16 – UBS AG, London Branch priced $4.89 million of 0% capped gears due Aug. 30, 2019 linked to the Euro Stoxx 50 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 27.18%. 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
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Issue: | Capped gears
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Underlying index: | Euro Stoxx 50
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Amount: | $4,891,000
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, capped at par plus 27.18%; full exposure to any losses
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Initial level: | 3,397.13
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Pricing date: | June 27
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Settlement date: | June 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90281A413
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