New Issue: UBS sells $4.11 million 14-month capped gears tied to Euro Stoxx banks

By Susanna Moon

Chicago, Dec. 11 – UBS AG, London Branch priced $4.11 million of 0% capped gears due Jan. 31, 2019 linked to the Euro Stoxx banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum gain of 31.77%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	Euro Stoxx banks
Amount:	$4,105,500
Maturity:	Jan. 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 31.77%; exposure to any losses
Initial level:	131.34
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90280X596

© 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.