New Issue: UBS prices $1.29 million capped buffer Gears linked to SPDR S&P MidCap

By Taylor Fox

New York, Dec. 30 – UBS AG, London Branch priced $1.29 million of 0% capped buffer Gears due Dec. 20, 2022 linked to the SPDR S&P MidCap 400 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be two times any ETF gain, up to a maximum return of par of $10 plus 14.8%. Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline of the ETF beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying ETF:	SPDR S&P MidCap 400 ETF
Amount:	$1,292,000
Maturity:	Dec. 20, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any ETF gain, up to par plus 14.8% maximum return; par if ETF falls by up to 10%; 1% loss for every 1% decline of ETF beyond 10%
Initial ETF level:	$417.69
Threshold level:	$375.92; 90% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90278R502

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