New Issue: UBS prices capped $2.48 million airbag gears linked to MSCI EAFE

By Kiku Steinfeld

Chicago, Aug. 13 – UBS AG, London Branch priced $2.48 million of 0% capped airbag gears due Feb. 5, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum gain of 14.04%. Investors will receive par if the ETF finishes flat or falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

UBS Investment Bank and UBS Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$2,475,000
Maturity:	Feb. 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times ETF return, subject to a maximum gain of 14.04%; par if ETF finishes flat or falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
Initial price:	$63.70
Downside threshold:	$50.96, 80% of initial level
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Agents:	UBS Investment Bank and UBS Securities LLC
Fees:	None
Cusip:	90270KJ91

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