New Issue: UBS prices $4.2 million three-year capped trigger gears tied to S&P 500

By Susanna Moon

Chicago, Dec. 2 – UBS AG, London branch priced $4.2 million of 0% capped trigger gears due Nov. 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 30.1%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

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

Issuer:	UBS AG, London branch
Issue:	Capped trigger gears
Underlying index:	S&P 500
Amount:	$4,202,580
Maturity:	Nov. 29, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at 30.1%; par if index falls by up to 25% and full exposure to any losses beyond trigger level
Initial level:	2,201.72
Trigger level:	1,651.29, 75% of initial level
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90275Y716

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