Published on 9/19/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.59 million capped buffer gears linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 19 – UBS AG, London Branch priced $4.59 million of 0% capped buffer gears due Aug. 31, 2020 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 29.34%. Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank 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: | $4,589,000
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Maturity: | Aug. 31, 2020
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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 29.34%; par if the index falls by up to 15%; exposure to any losses beyond 15%
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Initial level: | 3,456.13
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Downside threshold: | 2,937.71, 85% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Aug. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90281A694
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