New Issue: UBS prices $9.12 million capped gears linked to index basket

By Angela McDaniels

Tacoma, Wash., April 30 – UBS AG, London Branch priced $9.12 million of 0% capped gears due June 30, 2020 linked to a basket consisting of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 27.3%. If the basket return is negative, investors will have one-to-one exposure to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying basket:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$9,123,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, subject to 27.3% maximum return; one-to-one exposure to any basket decline
Pricing date:	April 26
Settlement date:	April 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281C559

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