By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – UBS AG, London Branch priced $750,000 of 0% capped trigger gears due Aug. 1, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times the ETF gain, up to an 18.25% maximum gain.
If the ETF declines, but not more than 20%, investors will receive par.
Otherwise, investors will lose 1% for every 1% that the ETF declines below the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped trigger gears
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $750,000
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| Maturity: | Aug. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times ETF gain up to 18.25% maximum gain; par if ETF declines, but not more than 20%; otherwise full exposure to losses
|
| Initial level: | $54.29
|
| Downside threshold: | $43.43, 80% of initial level
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 1
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0%
|
| Cusip: | 90276BNT6
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